Take control of your financial future.

A Roth IRA allows you to invest your after-tax dollars today, let the investment grow tax-deferred until retirement, then withdraw your principal and earnings tax-free after five years. (You may be subject to income taxes and a 10% penalty on the earnings if withdrawn before age 59 1/2.)

Roth IRA Features & Benefits

  • Tax-free retirement income. Contributions are not deductible, but earnings grow tax-free.
  • Higher income ceiling for contributions than Traditional IRA
  • Contributions allowed in addition to your 401(k) plan
  • No requirement to begin distributions at age 72
  • Ability to withdraw contributions without penalty at any time and to withdraw earnings after five-year holding period based on age or special circumstances, such as buying a first home, disability, age 59 1/2 or death

Roth IRA Facts

  • If you are employed and have earned income, you can make contributions to a Roth IRA, even after turning age 72.
  • Since no annual required minimum distributions apply during your lifetime, you can let your savings accumulate tax free much longer — and on your schedule.
  • You must meet income limits to make contributions 

Is a Roth IRA right for you?

Open a Roth IRA

Refer your Friends
National Association of Federal Credit Unions 
PFCU is a proud member of the National Association of Federal Credit Unions
National Credit Union Administration 
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.
Equal Housing Lender 
We do Business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

We provide links to external websites for your convenience. Philadelphia Federal Credit Union does not endorse and is not responsible for their content, links, privacy or securities policies.

Please note that the amount of money contained in your investment accounts are considered non-deposit products and therefore, are not NCUA insured, not credit union guaranteed, may lose value, are not guaranteed by any government agency. Securities, Financial Planning and Insurance products are offered through LPL Financial, and its affiliates, Member FINRA, SIPC. LPL Financial and Philadelphia Federal Credit Union are independent entities.