Roth IRAs

Is a Roth IRA right for you?

At San Mateo Credit Union, we believe our members are stronger when they feel secure about their retirements. That's why we offer Roth IRAs as an option to help you meet your retirement goals.

When it comes to choosing between a Traditional IRA and a Roth IRA, the choice is a very personal one, and something that you should talk about with a qualified professional.

The very basics of Roth IRAs

Essentially, a Roth IRA is a retirement account that you fund with after-tax dollars (that's the opposite of a 401(k) or Traditional IRA, where you use pre-tax money).

Some unique features of the Roth IRA are:

• Investments grow tax-free*
• Contributions are not tax-deductible
• You can withdraw your contributions any time without paying taxes
• You can withdraw your earnings on contributions without taxes after your account has been open for five years and you reach age 59 1/2.*
• Distributions are not required to be taken at age 70 1/2. (i.e. no Required Minimum Distribution)

Traditional vs. Roth IRA

Get the advice you deserve from SMCU

As with any investment tool, the decision to use a Roth IRA should be discussed with a financial professional first. So please give us a call at (650) 363-1725 or stop by a branch to talk through your options.