Retirement (IRAs)
Big dreams are built with small steps. It’s never too early to save for retirement with an IRA.
Apply NowMake Your Golden Years More Golden
Saving more earlier is the best way to secure a comfortable retirement.
Every Little Step Adds Up
It’s hard to think of retirement when it’s far off. But the earlier you start saving, the better off you’ll be. Explore your options with IRA accounts tailored to your financial goals. Small amounts added together over time can lead to a worry-free retirement.
Options are Important
Not sure which retirement account is right for you? There are a variety of ways to invest for retirement. We can help you sift through the features to decide which one is right for you.
Where You are Matters
It’s important to take a look at your finances to know if you’re on track to meet your goals. We can help you review your current situation and future goals to recommend the best path forward.
Provide for the Next Generation
We can help you invest in your children’s future with the Coverdell Education Savings Account. It’s a hassle-free way to provide for their education and all the opportunities it unlocks.
Retirement Accounts
Check out all of our retirement accounts below.
Traditional IRA Most Popular
QUICK FACTS
Provides members with potential tax savings while they save for retirement. Earnings grow tax-deferred until withdrawn.
- If deductible, contributions lower taxable income in the year they are made.
- Traditional IRAs require you to start taking required minimum distributions (RMDs) at age 72.
Roth IRA
QUICK FACTS
Accumulates federally tax-free. Contributions are nondeductible. Roth IRA must be open for a minimum of 5 years to make qualified tax-free withdrawals.
- Qualified withdrawals in retirement are tax-free
- Contributions can be withdrawn at any time – penalties may apply
Coverdell Education Savings Account
QUICK FACTS
A tax-free investment growth and tax-free withdrawal account when funds are used for higher-education expenses.
- Funds in the account must be used before the dependent reaches the age of 30.
Let HOCU Help You
A better financial future is within reach. Get in touch to get started!
With over 30,000 surcharge-free CO-OP network ATMs across Hawaii and nationwide, HOCU makes accessing your money easier for you. Call us at 777-JOIN to learn more!
Honolulu Federal Credit Union
Call (808) 777-5646Routing Number: 321379164
NMLS Number: 477720
- Federally Insured
by the NCUA 
- Equal Housing
Lender