What is a Roth IRA (Individual Retirement Account)? Roth IRAs allow you to invest up to $4000 after-tax per year for your retirement. This means that instead of just paying bills every month, you can take time to pay yourself first. And because your contribution comes out of your after-tax paycheck... withdrawal of your contributions is federal income tax free. Check out the benefits a Roth has to offer:

  • $4000 after-tax contribution limit / year*
  • Earnings are often free of federal income tax
  • No early withdrawal penalties for contributions

Not sure a Roth is right for you? We have Traditional IRAs as well. Contact us today at 206.398.5500 or 800.334.2489 about opening an IRA Savings or IRA Certificate account with SMCU. Now is the best time to start investing in your future. At Seattle Metropolitan Credit Union it’s all about you!


* Seattle Metropolitan Credit Union is not a tax advisor. Please consult a tax advisor for complete details about Roth and Traditional IRAs relative to your unique situation. $4000 figure is based on 2007 annual contributions for an individual below the age of 50. Individuals over 50 years-of-age can contribute up to $5000/yr. For 2008 annual contributions, the limits have changed to $5000 and $6000 respectively. Contributions for 2007 can be made until April 15, 2008.