Individual Retirement Accounts (IRAs)

An IRA from TFCU can help you retire

It’s all about a comfortable future.

Ready to get started?

IRAs make you money

Open a Tinker Federal Credit Union IRA and make money with our competitive savings rates.

Make more money with our compounding dividends.
Make more money with a share account option and a full range of IRA certificates offering you maximum financial management options.

IRAs save you money

IRAs are designed to help you save for retirement. You can save money because the earnings may be tax deferred or tax-exempt. We advise you to consult a tax advisor to determine your eligibility.

Begin saving with as little as $500 with IRA certificates or as little as $5 a month with payroll deduction or automatic transfer.
Enjoy convenient terms from three to 60 months on IRA certificates.
Contributions may be tax deductible, saving you even more money.
No fees.

Tinker Federal Credit Union IRA Options:
Traditional	Roth
There are no income limits for normal contributions; however, certain criteria must be met for contributions to be tax deductible (speak with your tax advisor).	Income must be under Modified Adjusted Gross Income (MAGI) limits to qualify for normal contributions (speak with your tax advisor).
Early distributions (prior to age 59 1/2) are penalized 10% by the IRS, unless otherwise stated.	Earnings on early distributions (prior to age 59 1/2) are penalized 10% by the IRS, unless otherwise stated.
All funds are taxed no matter how long the IRA has been opened.	Distributions are tax-free if five-year holding period is met AND qualified distribution reason is met.
Beginning at age 70 1/2 the IRA owner must take Required Minimum Distributions (RMDs) each year.	There are no required distributions.

You must be under 70 1/2 to make normal contributions.There are no age restrictions for normal contributions.. Always consult a tax advisor regarding which IRA is best for you. You must have earned income (W2 income); certain other income may qualify, speak with your tax advisor for more information.

IRAs have other benefits

Multiple types of IRAs, including Traditional, Roth IRAs and Coverdell Education Savings Accounts available.
Easy contribution options.
You can move funds from one IRA to another, or from a qualified retirement plan to an IRA.
Our knowledgeable IRA staff can answer your questions about your IRA accounts.
Quarterly statements.
You can choose a term that is convenient for you.
Your IRA accounts are federally insured to $250,000 by the NCUA, and CESAs are insured up to $250,000 by NCUA, separate from your other TFCU accounts.