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Financial Learning Center > Investing For Retirement

IRAs (Individual Retirement Accounts)

	A Tax-Free Way to Save: the Roth IRA
	The Traditional IRA
	Catch-Up Contributions
	Will My Contribution Be Deductible?
	The Traditional IRA vs. the Roth IRA
	What Type of Assets Can You Contribute to Your IRA?
	Setting up an IRA
	Investment Considerations for Your IRA

	When Is the Best Time to Contribute?
	Spousal IRAs
	Advantages and Disadvantages of IRA Accounts
	Rollovers to Your IRA
	Converting a Traditional IRA to a Roth IRA
	Roth IRA and 401(k)
	Choosing between the Roth IRA and Other Vehicles
	Roth IRA Conversions in 2010

Catch-Up Contributions

In addition to regular IRA contributions as described above, special catch-up contributions can be made annually to both traditional and Roth IRAs if you are at least age 50 by the end of the calendar year. For individuals who meet this age requirement, the regular contribution is increased by $1,000 in 2009 and 2010. This catch-up contribution is based solely on your age, and is not affected by the amount of contributions you have made to an IRA in the past.

Your choice of whether or not to invest in an IRA will be influenced by whether or not your contribution is tax-deductible. If you're a low- or middle-income taxpayer, part of your IRA contribution may be eligible for a tax credit. See the section Choosing between the Roth IRA and Other Vehicles.

Securities offered by Affinity Investment Services, LLC, 73 Mountain View Boulevard, Basking Ridge, NJ 07920, member FINRA/SIPC. Investments offered by Affinity Investment Services are not deposits or obligations of Affinity Federal Credit Union. They are NOT NCUA INSURED and NOT GUARANTEED by Affinity Federal Credit Union or any governmental agency and are subject to INVESTMENT RISK, including LOSS of PRINCIPAL. Investments may lose value. Affinity Investment Services, LLC is a wholly owned subsidiary of Affinity Federal Credit Union. Business Continuity Disclosure Statement.

* Tax preparers are independent contractors, experienced in income tax preparation. Tax services are not provided by nor supervised by Affinity Federal Credit Union or Affinity Investment Services, LLC.