Apply For LoanBecome A MemberATM Locations Online Banking Login
 
 

Retirement Accounts

Retirement Accounts

Retirement - for some decades away, for others right around the corner. The AARP reports that half of all employees in the private sector have no retirement plan at work or haven’t joined one. And, of workers 55 and older, 26% have saved LESS THAN $10,000 for retirement. It’s your future! Now is the time to get started. We’ll make it quick, easy and painless.

Traditional IRA

A Traditional IRA is an Individual Retirement Account. Some features of a Traditional IRA include:

  • Contributions may be made by anyone under age 70½  who has income from compensation (or who is filing jointly with a spouse who earns compensation).
  • Contributions may be tax deductible (based on income limits).
  • Earnings grow tax deferred until withdrawn.
  • Contribution limits are subject to change annually.

Tongass Federal Credit Union offers two investment choices for Traditional IRAs.

  • Share Savings Accounts
    • Minimum deposit only $25.00! Get started today.
  • Certificates of Deposit with terms from 12 months to 60 months.
    • Minimum deposit $500.00.

Roth IRA

A Roth IRA is an Individual Retirement Account. Some features of a Roth IRA include:

  • Contributions may be made by anyone who has income from compensation (or who is filing jointly with a spouse who earns compensation).
  • Contributions are allowed after you reach age 70 ½.
  • Withdrawals are not required at age 70 ½.
  • Earnings are tax-free if account is open for five tax years and withdrawn for a qualified reason.
  • Contributions are not tax deductible.
  • Contribution limits are subject to change annually.

Tongass Federal Credit Union offers two investment choices for Roth IRAs.

  • Share Savings Accounts
    • Minimum deposit only $25.00! Get started today.
  • Certificates of Deposit with terms from 12 months to 60 months.
    • Minimum deposit $500.00.

Simplified Employee Pension Plan and IRA (SEP)

A Simplified Employee Pension Plan (SEP) is a type of retirement plan that an employer may establish, including self-employed individuals. The employer is allowed a tax deduction for contributions made to the SEP Plan. The employer makes contributions to each eligible employee's SEP IRA on a discretionary basis. Contributions to SEP IRAs are immediately 100% vested, and the IRA owner (employee) directs the investments.

Tongass Federal Credit Union offers two investment choices for SEP IRAs.

  • Share Savings Accounts
    • Minimum deposit only $25.00! Get started today.
  • Certificates of Deposit with terms from 12 months to 60 months.
    • Minimum deposit $500.00.

 

 
         
Phone Number: (907) 225-9063   •   CU*Talk (Audio Teller): (844) 498-8542  •   Lost/Stolen Credit Card: (800) 325-3678  •   Lost/Stolen Debit Card: (800) 682-6075
 
 
This credit union is federally insured by the National Credit Union Administration.
     
Privacy Policy   Website Terms
USA Patriot Act