15-Month Special Certificate: 2.02% APY*
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.
Roth IRA Contribution Limit
| Tax Year. | Contribution Limit | Catch-up Limit | Total Limit for Age 50 and Over |
|---|---|---|---|
|
2019 |
$6,000 |
$1,000 |
$7,000 |
|
2020 |
$6,000 |
$1,000 |
$7,000 |
Straight Answers to Your Roth IRA Questions
Traditional or Roth IRA - Which is Right for You?
Common questions about Roth IRAs
What is a Roth IRA?
The Roth IRA allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after a five-year holding period. If you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA, since contributions are nondeductible and taxed in the year they are earned.
You may also choose between an IRA Certificate with a specific term, an IRA Share Account or an Investment Money Market Account.
You must be a member of Wings (with a Primary Share Account) prior to opening a Retirement Account. If you are not currently a member, open your account online or download a membership application.
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.
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.
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.
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.
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