DCT FCU Home Page
Online Banking
About DCTFCU
How to Join
Locations & Hours
Contact Us
Current Newsletter
What's New?
 


Individual Retirement Accounts

D.C. Teachers Federal Credit Union offers two different kinds of Individual Retirement Accounts (IRAs):
      Traditional IRAs
      Roth IRAs

Each is available as either a Regular Share Account or a Share Certificate. And you can make deposits automatically to either of them by using payroll deduction.

Traditional IRAs
Traditional IRAs give you a reliable source of income when you retire and may give you a tax break now. Eligible taxpayers can deduct as much as $5,000 worth of contributions to their accounts from their income taxes. (Taxpayers over 50 can deduct $6,000.) Your eligibility will depend on your income, among other factors. You must start making withdrawals when you turn 701/2. You'll have to pay taxes on the deductible contributions and the interest they earned when you make your withdrawals.

Roth IRAs
While you can't deduct contributions to Roth IRAs, you can avoid paying taxes on your earnings. You can make tax-free withdrawals starting at age 591/2 if it's been five years since you opened the account. You're not required to make withdrawals at any age.

Contribution limits are the same as for Traditional IRAs.

See our current rates.

Use our Retirement Savings Calculator to make sure you're saving enough for retirement.

See our current service charges


Account Terms, Disclosures & Agreements

 

  Home  |  Online Banking  |  Privacy Policy  |  Patriot Act  |  Site Map
    Your savings federally insured to at least $250,000
and backed by the full faith and credit of the United States Government - National Credit Union Administration, a U.S. Government Agency
legend blue 11s cheap oakley sunglasses legend blue 11s michael kors outlet michael kors outlet legend blue 11s michael kors uk michael kors outlet legend blue 11s jordan 6 lebron 11 coach outlet online coach outlet online lebron 12 legend blue 11s black infrared 6s lebron 11 jordan 11 legend blue retro jordans black infrared 6s louis vuitton outlet jordan 11 legend blue louis vuitton outlet lebron 11 michael kors outlet black infrared 6s beats by dre cheap legend blue 11s lebron 12 jordan 11 legend blue 11s jordan 6 black infrared coach outlet online michael kors outlet jordan 6 legend blue 11s legend blue 11s jordan 6 black infrared jordan retro 11 michael kors outlet new jordans Legend Blue 11s lebron 11 legend blue 11s legend blue 11s louis vuitton outlet louis vuitton outlet louis vuitton outlet louis vuitton outlet black infrared 6s jordan 11 louis vuitton outlet sport blue 6s coach outlet online coach outlet online legend blue 11s legend blue 11s jordan 6 black infrared jordan 6 sport blue legend blue 11s cheap jordan shoes black infrared 6s cheap jordan shoes louis vuitton outlet cheap jordans coach outlet online jordan retro 11 louis vuitton outlet black infrared 6s louis vuitton outlet jordan 6 sport blue louis vuitton outlet louis vuitton outlet legend blue 11s sport blue 6s legend blue 11s black infrared 6s louis vuitton outlet legend blue 11s jordan 6 sport blue