• Traditional IRA: Provides members with potential tax savings while they save for retirement. Earnings grow tax-deferred until withdrawn.


  • Roth IRA: Accumulates federally tax-free. Contributions are non-deductible. Roth IRA must be open for a minimum of 5 years to make qualified tax-free withdrawals.


  • Coverdell Education Savings Account: A tax-free investment growth and tax-free withdrawal account when funds are used for higher-education expenses. Contributions are limited to a maximum of $2000 per child and must be made prior to the beneficiary reaching the age of 18. Funds in the account must be used before the dependent reaches the age of 30.