This IRA offers the kind of tax-free buildup and withdrawal that many investors will find highly appealing. Up to certain income limits, virtually any income-earning U.S. citizen can contribute to a Roth IRA.
Earnings accumulate tax free and can be withdrawn without tax or penalty if you are at least 59½ and have had the account for five years or more.
Tax-free withdrawals can be made before age 59½ for the first-time purchase of a home or higher education for your children, provided the account has been open at least five years.
2020 Contribution Maximums:
The amount you can contribute to an IRA annually did not change in 2020.
The maximum regular contribution limit is $6000.
For those individuals age 50+, an additional catch-up contribution of $1000 is allowed.
Please consult your tax adviser first should you have any questions on contributions limits based on your earned income.
Get in touch with a Representative
By continuing, you will be leaving the American Eagle FCU website.
American Eagle FCU is not responsible for accuracy, security, content, or services offered by other websites; we encourage you to view privacy & security disclosures of all websites you visit as they may be different than those of American Eagle FCU.
Visit our site again soon.
Las páginas que está a punto de ver no ofrecen aplicaciones o divulgaciones en español.
Como siempre, asegúrese de haber leído y entendido todos los términos y condiciones antes de elegir un producto y contáctenos si tiene alguna pregunta.