Retirement

“Plans fail for lack of counsel, but with many advisers they succeed,” Proverbs 15:22

Individual Retirement Accounts (IRAs)

It’s never too soon to start saving for retirement- or too late. Northwest Christian Credit Union Individual Retirement Accounts (IRAs) make it easy with a variety of convenient, tax-advantage savings options.

Traditional IRA*

Are potential tax-deferred retirement plans; you don’t pay tax on your contributions until you withdraw the funds. Contributions can be made as long as you have earned income and you’re below the age 70 ½.

Yearly Contribution Limits
Tax year- 2017
Under age 50 – $5,500
Age 50 and Over – $6,500

Contribution Deadline
Current tax year: December 31, 2017

Roth IRA*

With a Roth IRA, you pay taxes now and withdraw the funds tax-free when you retire. Contributions can be made after age 70 ½ without any required minimum distributions as long as you have earned income.

Yearly Contribution Limits
Tax year- 2017
Under age 50 – $5,500
Age 50 and Over – $6,500

Contribution Deadline
Current tax year: December 31, 2017

Your Funds Are Safe

All IRA deposits at Northwest Christian Credit Union are insured up to $500,000 by The American Share Insurance Company. ASI is one of the largest credit union related insurance companies in America. ASI is a private insurance company and is not affiliated with the federal Government.

*Withdrawals may have additional penalties. As always, consult with a tax advisor about the impact of contribution based on your individual tax circumstance.

Useful Information and Links

Other Savings Accounts

Northwest Christian Credit Union also offers more traditional savings accounts, including our standard savings account, Term Share Certificates (CD’s) and Money Market Accounts. You can find more information on these accounts on our Savings page or by calling 1-800- 955-7775.

Do You Have Questions?

You can reach us by utilizing the information below or visit us in person at the branch nearest you.

208.466.0916800.955.7775, Toll Free[email protected]Our Branches