Keep More of What You Earn
IRAs offer tax advantages that help your money grow faster over time
Plan Ahead with a Tax-Advantaged IRA
Saving for retirement doesn’t have to be complicated. At CTCU, we make it easy to open an Individual Retirement Account (IRA) that fits your long-term goals.
Whether you want to reduce your taxable income now or enjoy tax-free withdrawals later, our Traditional and Roth IRA options help you build a solid financial future.
Choose the IRA That Matches Your Financial Strategy
CTCU offers both Traditional and Roth IRAs, each with unique tax benefits and flexible savings options. No matter where you are in your retirement planning journey, we’ll help you choose the account that works best for you.
Traditional IRA
Lower your taxable income now and pay taxes later.
- Contributions may be tax-deductible*
- Earnings grow tax-deferred
- Pay taxes only when you withdraw in retirement
- Ideal if you expect to be in a lower tax bracket later
- Required minimum distributions (RMDs) begin at age 73
Roth IRA
Pay taxes now and enjoy tax-free withdrawals later.
- Contributions are not tax-deductible
- Qualified withdrawals are tax-free
- No required minimum distributions (RMDs)
- Ideal if you expect to be in a higher tax bracket later
- Great for younger savers or long-term growth
Terms & Conditions
Why Choose CTCU for Retirement Savings?
Build a Brighter Future
Start small and contribute consistently for meaningful, long-term impact
Choose What’s Best for You
We’ll walk you through Traditional vs. Roth to find the right fit for you
Know Your Retirement Team
Work with a team that understands your goals and puts you first
Rely on Trusted Guidance
We’re proud to help Tyler residents prepare for retirement
How to Open an IRA
Ready to start saving for retirement? We make it easy to open an IRA at CTCU.
- Open your IRA – Get started online, in-branch, or by phone.
- Choose your IRA type – Pick between Traditional or Roth based on your goals.
- Make your first deposit – Just $20 to open, $1,000 to start earning dividends.
- Transfer existing funds – Rollover from another IRA or retirement account.
- Watch your savings grow – Enjoy competitive dividends and peace of mind.
Start Saving for Retirement Today
It’s never too early—or too late—to start planning. Open a Traditional or Roth IRA online, by phone at 903-561-2603, or at our Tyler or Lindale branch today to take the next step toward a more secure future.
