Roth IRA

Roth IRA'sA tax-advantaged investment tool for your retirement savings.

Pension Fund's Roth Individual Retirement Account (IRA) offers a very competitive, guaranteed base return (currently 3.5%). Eligible Pension Fund members can enroll in our Roth IRA, make regular contributions, enjoy tax-free withdrawal options*, and roll-over funds from other investment accounts.**

*After 5 year holding period is met.
**Limitations apply. 

How To Apply

A Roth IRA is a good tool for an investor of any age, for a variety of reasons.

Enjoy a competitive,  guaranteed return. Our Roth IRA offers a guaranteed base interest rate (currently a minimum of 3.5%) — making it a safe, secure and competitive investment option.

Grow your retirement savings. Roth IRA contributions are made with after-tax dollars. You can contribute to a Roth IRA in addition to participating in the Pension Plan or another employer-sponsored 401(k). Best of all, because dollars set aside now are taxed at today's tax rate, funds held for 5 years can be withdrawn tax-free.

Appreciate having tax-free withdrawal options.  Participants can withdraw funds without penalty, under some circumstances. For example, you can withdraw funds without penalty if you are at least age 59 1/2, you become disabled, you are the beneficiary of a deceased Roth IRA owner, or you intend to use the distribution toward the purchase of your first home. Other circumstances may also qualify a Roth IRA owner to withdraw funds.

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