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Individual Retirement Accounts (IRAs)

IRAs offer a great way to save for retirement, first homes, or higher education. DCFCU offers Traditional, Education, and Roth IRAs. Opening a DCFCU IRA requires a minimum deposit of $100. Members who open Roth or Education IRAs can make regular deposits through payroll deduction for added convenience. Your age and income level will determine which type of IRA you are qualified to open.

Roth IRA

The Roth IRA is available to individual members whose income is less than $110,000 and couples whose combined income is less than $160,000. There is no age limit for members wishing to contribute to a Roth IRA. You may withdraw contributions tax free at any time. However, earnings may be taxed unless the account has been opened for at least five years and the owner is 59 1/2, disabled, deceased, or buying a first home.

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