Retirement Accounts

Personal Accounts

Individual Retirement Accounts

Uphold Your Standard of Living

What are Individual Retirement Accounts?

Individual Retirement Acccounts (IRAs) are a great way to uphold your standard of living after retirement. Both Traditional and Roth IRA options provide excellent tax-advantaged benefits to help you make the most of your retirement dollars.

  • Traditional IRA: Traditional IRAs allow earning to grow tax-deferred until they are withdrawn.*
  • Roth IRA: Roth IRAs provide a non-deductible alternative to traditional retirement savings. Contributions are made with after-tax dollars.**

Meet with Ideal CU IRA/HSA Specialist Nikki Carter

  • Set up an Ideal IRA Money Market account
  • Make changes to or discuss your current account
  • Create a savings plan to make the most of your retirement dollars

Make an Appointment
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More about Traditional IRAs

Traditional IRAs allow earning to grow tax-deferred. Contributions may be tax deductible depending on your income and participation in an employer-sponsored retirement plan. Taxes are not paid until distributions (withdrawals) are made. Distributions are taxed as ordinary income. In addition, you may be allowed to take penalty-free withdrawals to buy your first home and pay higher education expenses.

Contribution Limits for 2017 & 2018

The deadline for contributions is the same as your tax filing deadline excluding extentions. For most individuals this is April 15.

 Tax YearContribution LimitAge 50+
2017$5,500$6,500
2018$5,500$6,500

More about Roth IRAs

Roth IRAs provide a non-deductible alternative to traditional retirement savings. Contributions are made with after-tax dollars, and earnings may be withdrawn tax- and penalty-free under a a variety of conditions after the account has been open five tax years which includes:

  • When you reach age 59 and 1/2
  • Become disabled
  • Make a first-time home purchase
  • Upon your death

Contribution Limits for 2017 & 2018

The deadline for contributions is the same as your tax filing deadline excluding extentions. For most individuals this is April 15.

 Tax YearContribution LimitAge 50+
2017$5,500$5,500
2018$5,500$6,500

IRA Investment Options

  • IRA Money Market: Ideal Premium IRA Money Market Accounts are penalty-free, and do not require a minimum deposit or set term. This is a great option if you would like to keep funds liquid while still enjoying tax benefits. Learn more
  • IRA Certificates: Certificates offer a safe investment option to grow your money. This is a great option if you want to enjoy competitive rates over a specific term. Learn more

*TRADITIONAL: Early withdrawals are subject to ordinary income tax and a 10% penalty if distribution taken before reaching age 59½. 
**ROTH: Earnings distributions from a Roth IRA may be subject to taxes and a 10% penalty if account is less than five years old and the owner is under age 59½.  Be sure to consult your tax advisor for more information about the tax benefits of IRAs.

Ideal IRA Accounts

2018 Holiday Hours


New Year's Day
Monday, January 1st
All locations closed.


Martin Luther King Jr Day
Monday, January 15th
All locations closed.


Presidents' Day
Monday, February 19th
All locations closed.


Good Friday
Friday, March 30th
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Memorial Day
Monday, May 28th
All locations closed.


Independence Day
Wednesday, July 4th
All locations closed.


Labor Day
Monday, September 3rd
All locations closed.


Columbus Day
Monday, October 8th
All locations closed.


Veterans Day
Monday, November 12th
All locations closed


Thanksgiving Day
Thursday, November 22nd
All locations closed.


Day after Thanksgiving
All locations are open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Christmas Eve
Monday, December 24th
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


Christmas Day
Tuesday, December 25th
All locations closed.


New Year's Eve
Monday, December 31
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.


New Years Day
Tuesday, January 1st
All locations closed