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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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    Enroll in eDocuments to access up to two years of statements all in the Wings Mobile App or CU Online.
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    Roth IRA Contribution Limit

    Tax Year. Contribution Limit Catch-up Limit Total Limit for Age 50 and Over

    2020

    $6,000

    $1,000

    $7,000
     
    Straight Answers to Your Roth IRA Questions
    Roth IRA PDF
    Traditional or Roth IRA - Which is Right for You?
    Traditional or Roth PDF

    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    • Traditional IRAs may allow you to defer taxes on your contributions' earnings until they are withdrawn.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.
    • 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 Financial’s 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.

    Get Started

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    Wings Financial Advisors

    The key to your financial wellbeing is ensuring your entire picture remains in focus. Wings Financial Advisors serve members’ complete financial needs with straightforward, professional advice, through the credit union you know and trust.

    Learn about WFA

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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: