Roth IRA | Mutual Security Credit Union

Tax-Free Flexibility

If you’re looking for tax-free earnings and withdrawal flexibility, a Roth IRA might be the retirement savings account for you.

With a Roth IRA, your earnings grow tax-free and can be withdrawn without tax penalty if you’re 59 ½ or older and the money has been in your account for at least five years.

Roth IRA 101

Who can contribute?	You can contribute to a Roth IRA is you, or your spouse filing jointly, has a taxable income and your modified adjusted gross income is below the set limit.
Are my contributions tax deductible?	No, your contributions cannot be deducted.
How much can I contribute annually?	$6,000 or $7,000 if you’re over the age of 50
When can I withdraw money?	You can make tax-free withdrawals if you’re 59 ½ or older and the money has been in your account for at least five years.

We do not offer tax advice. You should always consult with a tax professional when it comes to your contributions and deductibility.

Please see our Truth-In-Savings Disclosure for full details and our Rates Page for the most current rates.

Roth IRAs

Take advantage of tax-free retirement savings.

Tax-Free Flexibility

Roth IRA 101

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