It’s never too early. It’s never too late.

Whether you started saving and planning for your financial future early in your working years, or you are just getting started, HeritageWest Credit Union’s Member Representatives can help you discover a way to be better prepared to enjoy your retirement years to the fullest.

A retirement plan for your future is as close as your nearest HeritageWest location.

Individual Retirement Account (IRA)

Future plans call for flexible options. HeritageWest has solutions.

Traditional and Roth IRAs. Which is right for you? Below you’ll find basic information on all of the retirement plans we are proud to offer our members. If you have questions, we’re happy to answer them.

Traditional IRA (Individual Retirement Account)

In a Traditional IRA, you contribute pre-tax earnings to an account that builds until you retire from working.

  • Some contributions are tax-deductible – talk to your tax advisor about what is best for you
  • Special penalty-free distributions from your IRA may be used by first-time homebuyers and for higher education expenses
  • If you’re under 50 years of age, you can contribute up to $5,500 per year
  • If you’re over 50, you can contribute up to $6,500 per year
  • Start earning dividends when you maintain an average daily balance (ADB) of $100

Traditional IRA Eligibility

  • Members must be 18 years of age or older with a Prime Share account
  • No minimum deposit is required
  • Rollovers may only be done once every 365 days

Roth IRA

If you’re worried that you started saving too late to reach your retirement goals, a Roth IRA might be a good financial fit for you. A HeritageWest Credit Union Roth IRA allows you to make contributions, yet gives you the flexibility to access your funds for certain purposes after just five years.

  • Your earnings and dividends grow are tax-free
  • Unlike a traditional IRA, contributions are NOT tax deductible – talk to your tax advisor about what’s best for you
  • If you’re under 50 years of age, you can contribute up to $5,500 per year
  • If you’re over 50, you can contribute up to $6,500 per year
  • Start earning dividends when you maintain an average daily balance (ADB) of $100

Roth IRA Eligibility

  • Members must be 18 years of age or older with a Prime Share account
  • No minimum deposit is required
  • Income restrictions apply. Please see a Member Specialist for details.

Enjoy the benefits of membership today!

No matter where life takes you, we’re here to help. Because once you're a member, you're always a member.