We'll Help You Get to Where You Want to Be Whether retirement is near or later in the future, Jordan Credit Union offers Individual Retirement Accounts (IRA) that are perfect for your needs.
No penalties for withdrawls at the age of 59.5
Defer tax payments up to the age of 70.5
No penalties on withdrawals for higher education or a first-time home purchase (taxes will be paid on the amount withdrawn)
We offer 2 types of IRAs to fit your retirement goals:
Traditional (Regular) IRA Traditional IRA Accounts provide tax-free accumulated interest income until retirement and can also receive tax deductions for the years you contribute money.
Roth IRA Accounts allow you to contribute pre-taxed dollars into an account, leaving you with no tax deductions for accumulated earnings upon retirement if you meet requirements to open a Roth IRA.