Take Control Of Your Retirement Savings

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Traditional IRA

An Individual Retirement Account (IRA) is a great way to save for retirement, and to do so in a tax-advantaged manner. Learn More

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Roth IRA

The Roth IRA offers tax-deferred earnings for retirement, where you receive a tax break for money withdrawn from the IRA during retirement. Learn More

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Education Savings Account

Start saving for a child’s future with a Coverdell Education Savings Account. Learn More

Get Started Saving

One way we fulfill our commitment to our members is always to explain your options in complete detail, so you can make informed decisions about a Roth IRA vs Traditional IRA or a Coverdell ESA. Directions Credit Union of Greater Toledo, Southern Michigan, and Central Ohio—we’re in town, and we’re on your side.

Call Directions today at 419-841-9838 or 1-888-508-2228 (toll free).

Learn More About Your Account Options

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Traditional IRA Icon Traditional IRA

Traditional Individual Retirement Accounts are designed for those who are looking to make tax-deductible contributions based on their income, eligibility and retirement goals. Transactions in the account, interest, dividends and capital gains are not subject to tax while in the account. Upon withdrawal, however, they are subject to federal income tax. With a Traditional IRA, many people pay fewer taxes on these earnings because they move to a lower tax bracket after retirement.

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Roth IRA Icon Roth IRA

A Roth IRA offers more flexibility than a Traditional IRA around how and when money can be withdrawn. A Roth 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. And your 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 either reach the age of 59-1/2, become disabled, or qualify as a first-time homebuyer.

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Diploma Icon 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.