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Roth Individual Retirement Account

Prepare for retirement with a Roth IRA.

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Begin saving for retirement today.

With a Roth IRA, you pay taxes now for funds deposited in order to make tax-free withdrawals when you retire. Wings can help you structure your IRA around specific goals so your expenses and lifestyle are covered in retirement. Every individual situation is unique.

No Monthly Fees

Avoid monthly or service fees as an active member.

Tax-Free Withdrawals

No penalty tax and federal income tax free for a qualified expense.

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Roth IRA Contribution Limit

Tax Year

Contribution Limit Catch-up Limit Total Limit for Age 50 and Over

2024

$7,000

$1,000

$8,000
Straight Answers to Your Roth IRA Questions
Roth IRA PDF
Traditional or Roth IRA - Which is Right for You?
Traditional or Roth PDF
Roth IRA Application
Request for Transfer or Conversion to an IRA
Roth IRA Distribution Form - MN
Roth IRA Distribution Form - MI
Roth IRA Distribution Form - All Other States

Common questions about Roth IRAs

View All FAQs

What is an IRA?

IRAs are Individual Retirement Accounts.

When Social Security and pension plans are not enough to maintain your standard of living at retirement, an Individual Retirement Account (IRA) can be an excellent investment. Both the Roth and traditional IRA offer a number of benefits, depending on your current financial situation.

  • Traditional IRAs allow you to defer taxes on your contributions' earnings until they are withdrawn.
  • Roth IRAs allow only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after a five-year holding period.
  • Coverdell Education Savings Accounts (CESA) are non deductible accounts that feature tax-free withdrawals for a child's education expenses.

Helping you reach your goals.

Get details and guidance about savings, checking, loans and more. We’ll help you take the next step forward, together.

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Certificates

Take advantage of highly competitive rates with Wings' Certificates. With terms from three months to five years, our certificates give you safe, secure investment options that consistently rank among the nation's best.

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Traditional IRAs

Traditional Individual Retirement Accounts (IRAs) can be a valuable tool as you save for retirement. We’re your partner in establishing an IRA that works toward your savings goals and delivers peace of mind for your retirement.

Save for Retirement

Open a Roth IRA account at: