IRAs

IRAs

A safe and sensible way to grow your nest egg, IRAs have some potential tax advantages.  With our different options, you can create a strategy that’s right for you.
 

NOTICE: The Secure Act became effective January 1, 2020. Please take note of the following significant changes:
 

  1. Beginning for tax year 2020, new law eliminates the age limit for Traditional IRA contributions. Anyone with eligible earned income can contribute (up to their limit) regardless of their age.
  2. Required Minimum Distribution has increased from age 70 ½ to age 72. Please note: For members who turned 70 ½ prior to December 31, 2019 will continue to receive their required minimum distribution. You cannot stop the distribution and start again upon turning 72.
  3. Massachusetts income Tax (and MA IRA withholding) Rate drops to 5.00%.
 
If you have any questions regarding your IRA account, please contact us at (800) 942-9575.
Customized Debit Card Alerts

Customized Debit Card Alerts

Debit Alerts give you an added layer of security by notifying you when your Debit Card is used for purchases and transactions. Signing up for these FREE* alerts is fast, easy, and keeps you informed.
Checking To Fit Your Lifestyle

Checking To Fit Your Lifestyle

Designed to help you manage your money on your own terms, the Align Checking account features no monthly maintenance fees and great benefits, including access to thousands of fee free ATMs.
Fees may reduce earnings on accounts. Rates and Annual Percentage Yields (APYs) on transaction account may be subject to change without notice and may change after account opening. Early withdrawal penalties will be imposed on IRA accounts. Membership requirements apply.
IMPORTANT: Align Credit Union employees are not authorized to give advice regarding tax issues. If you need help in deciding what specific IRA options may best fit your needs, please talk to your tax advisor or financial planner.