Contributing to a traditional IRA can create a current tax deduction, plus it provides for tax-deferred growth. Though long-term savings in a Roth IRA may produce better after-tax returns, a traditional IRA may be an excellent alternative if you qualify for the tax deduction.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Market USA Federal Credit Union is a full-service financial institution with locations in Maryland and South Carolina as well as nationwide locations through the Shared Branch Network.