SAVE FOR YOUR FUTURE
Leverage a Vermont Federal IRA Account to help you save for retirement, higher-education expenses, or your first house. With three great programs, you can be confident that we have the right account for you.
Leverage a Vermont Federal IRA Account to help you save for retirement, higher-education expenses, or your first house. With three great programs, you can be confident that we have the right account for you.
Vermont Federal Credit Union does not provide tax advice. Please consult a tax advisor if considering an IRA Account.
A traditional IRA allows contributions that are tax deductible (within the IRS limits), and grows tax deferred until you withdraw the funds.
Roth IRAs are not tax-deductible, but your investment will grow free of taxes and you will be able to withdraw the money tax-free during retirement.
A Coverdell Education Savings Account is a tax-deferred trust account that was implemented by the U.S. government to help families in funding educational expenses for beneficiaries 18 years old or younger. Exceptions for the age restrictions are made for children with special needs.
A traditional IRA allows contributions that are tax deductible (within the IRS limits), and grows tax deferred until you withdraw the funds.
Who can contribute?
How much?
2024:
Roth IRAs are not tax-deductible, but your investment will grow free of taxes and you will be able to withdraw the money tax-free during retirement.
Who can contribute?
How much?
2023:
A Coverdell Education Savings Account is a tax-deferred trust account that was implemented by the U.S. government to help families in funding educational expenses for beneficiaries 18 years old or younger. Exceptions for the age restrictions are made for children with special needs.
Who can contribute?
How much?
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