Explore NCUA-Insured Retirement Investments
Planning for retirement is one of the most important journeys you’ll take. At WFCU we provide stable, trusted savings options to build a comfortable future right here in your community.
IRA Share Savings and Certificate Accounts
We offer NCUA-insured IRA share savings & IRA certificate* accounts — giving you peace of mind while your money grows.
Please note: While we love helping you grow your savings, Wheatland will not provide tax advice or assistance. Please contact your tax professional with tax-related questions. *Annual fees, deposit limits, and early withdrawal penalties may apply.
Choosing the Right Option for You
Traditional IRA – Grow Your Savings Now, Pay Taxes Later
A Traditional IRA can be a great fit if you want to lower your taxable income today. You won’t pay taxes on your contributions or earnings until you begin making withdrawals during retirement.
- Eligibility: You must have earned income to contribute.
- Contribution Limits: up to $7,500 annually or $8,600 if you are aged 50 or older. Contributions must not exceed your earned income amount.
Withdrawals: Required Minimum Distributions (RMDs) begin the year you turn 73 years old. Early withdrawals before age 59½ may be subject to penalties.
Roth IRA – Pay Taxes Now, Enjoy Tax-Free Growth Later
With a Roth IRA, you contribute “after-tax” dollars. The big benefit? Your earnings grow tax-free, and you can withdraw your contributions at any time without a penalty.
- Eligibility: Available to those with earned income within IRS-specified income limits.
- Contribution Limits: Contribute up to $7,500 annually or $8,600 if you are aged 50 or older.
Withdrawals: Earnings are tax and penalty-free if the account has been open for 5 years and you are at least 59½ years old. You can still make withdrawals if you don’t meet these requirements, but you may pay taxes and/or penalties.
Ready to Start Saving?
Our team is here to help you navigate the paperwork and get your Wheatland retirement account up and running.
- Call us: Speak with our specialist at 717-898-7673, extension 139 or 251
- Stop by: Visit any WFCU branch