Individual Retirement Accounts

Traditional IRA

Individual Retirement Account(IRA) is a way to save for retirement in a tax advantaged manner.

Roth IRA

Save for retirement with tax deferred earnings.

Traditional IRA

Traditional IRA — IRA contributions may be tax deductible depending on your circumstances. Many people pay fewer taxes on these earnings because they move to a lower tax bracket after retirement.  Learn more...

Learn More

Roth IRA

This IRA has the same contribution limits as a traditional IRA, but you don’t have to be under 70-1/2 years old to contribute. These contributions are not tax-deductible during the current tax year, but the earnings on your contributions are tax-deferred and may be tax-free if you wait to withdraw funds until you’ve had your Roth IRA for at least five years and you reach the age of 59-1/2, become disabled, or qualify as a first-time homebuyer.  Learn more...

Learn More

Coverdell Education Savings Account

Formerly called an Education IRA, the Coverdell ESA helps pay for a child’s education. When used to pay for qualified education expenses, the earnings on your contributions are tax-free.

Call or email one of our caring team members today!

We’d love to talk with you about setting up your Coverdell Savings.  Our commitment to you is to always explain your options in complete detail, so you can make informed decisions about a Roth IRA vs Traditional IRA or Coverdell Savings. Directions Credit Union of Greater Toledo and Central Ohio. We’re in town, and we’re on your side.