Individual Retirement Accounts (IRAs)
Invest in your future, risk-free. Save for tomorrow and take advantage of tax benefits today.** Finger Lakes Health Care Federal Credit Union offers ways to invest for your retirement with Traditional or Roth IRA options.
Which type of IRA is right for me?
Choose a Traditional IRA for tax-deferred earnings and the potential for tax-deductible contributions. Opt for a Roth IRA for tax-free earnings on your after-tax contributions. Both types of IRAs are great tools for retirement, the difference is how and when you get tax benefits.**
* Substantial penalty/tax may be imposed for early/premature withdrawal. Fees may reduce earnings.
** Consult with your tax advisor. Other restrictions may apply.