Whether retirement is around the corner or far in the distance, an individual retirement account (IRA) with Texans can help you save for your retirement and secure your future. We offer both traditional and Roth IRAs to help your retirement savings grow.
|Traditional IRA||Roth IRA|
|Earnings||Tax-deferred until withdrawal*||Tax-free at withdrawal*|
|Contributions||Tax-deductible for some members2||Not tax-deductible|
|Account Types||Available as IRA share or CD account||Available as IRA share or CD account|
|Withdrawal Age||Can begin at 59½
Mandatory withdrawals at 70½
|Can begin at 59½
No Mandatory withdrawals at 70½
|Withdrawals||Taxed at time of withdrawal*||Tax-free, if qualified*,3
|Early Withdrawals||Subject to service charge and/or tax penalty1||Subject to service charge and/or tax penalty1
Principal contributions can be withdrawn without penalty*
For more information on Texans' Individual Retirement Accounts or for assistance choosing the right account for you, contact us at 972.348.2000 (800.843.5295) or visit your local Texans branch.
* Consult a tax advisor
1 Some exceptions apply. Ask a Texans representative for details.
2 Amount of contribution that is tax deductible may be limited if you're covered under an employer's retirement plan. Ask a Texans representative for details
3 Ask a Texans representative for details on qualified withdrawal requirements.
Texans Financial Advisors are Registered Representatives of INVEST Financial Corporation, member FINRA/SIPC. INVEST and its affiliated insurance agencies offer securities, advisory services, and certain insurance products and are not affiliated with Texans Financial and Texans Credit Union. INVEST does not provide tax or legal advice.
Products offered are: • Not NCUA insured • Not a deposit or other obligation of or guaranteed by any credit union • Subject to risks including the possible loss of principal amount invested.
Texans CU Routing # 311987786
24-Hour Account Access Line: 972.348.2001 (800.843.6426)