Individual Retirement Accounts
Make sure retirement’s covered with Roth & Traditional IRAs.
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Save today for a better tomorrow.
An IRA can help you bridge the gap between Social Security, pension plans and the standard of living you want in retirement. Wings’ Roth and Traditional IRAs simplify saving so you can have peace of mind.
Compare & find the best account for you.
Traditional IRAs | Roth IRAs | |
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Overview |
Traditional IRAs
The traditional IRA is an individual retirement account that allows you to defer taxes on your contribution earnings until they are withdrawn. Certain contributions are also tax-deductible in the tax year for which you make them. |
Roth IRAs
The Roth IRA allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after a five-year holding period. If you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA, since contributions are nondeductible and taxed in the year they are earned. |
Contribution Requirements |
Traditional IRAs
Add money at any age, as long as you have earned compensation. |
Roth IRAs
Add money at any age, as long as you have earned compensation. |
Required Minimum Distributions (RMDs) |
Traditional IRAs
You must start taking RMD in the year you turn 73. |
Roth IRAs
Do not apply |
Contribution Amount per Tax Year |
Traditional IRAs
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Roth IRAs
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Which accounts can I open |
Traditional IRAs
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Roth IRAs
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Where can I open an IRA |
Traditional IRAs
Available at branch locations or by mail |
Roth IRAs
Available at branch locations or by mail |
Common Questions about IRAs
Our experts are here to guide you.
Wings Financial Advisors help our members turn financial plans into reality. Get started today with a complimentary consultation for straightforward, professional advice from the credit union you already know and trust.