Individual retirement accounts
Overview
Build your retirement with IRAs
An Individual Retirement Account (IRA) is an investing tool you can use to set aside funds for the future. Whether you're saving for retirement, a special dream or a loved one's education, Thrivent Credit Union has an IRA to help meet your needs.
There are two types of IRAs — Traditional and Roth, each with specific advantages.
Traditional IRA
A traditional IRA allows you to invest in an account as long as you still have earned income. The key benefit of a traditional IRA is that your contributions may be tax deductible, depending on your income, tax filing status, and participation in an employer-sponsored retirement plan.
Roth IRA
A Roth IRA allows you to invest in an account, as long as certain income guidelines and requirements are met. If you're eligible to invest, your contributions are made with after-tax dollars.
Though Roth IRA contributions are not tax-deductible, withdrawals may be tax-free and there are fewer withdrawal restrictions.
Traditional IRA
A traditional IRA allows you to invest in an account as long as you still have earned income. The key benefit of a traditional IRA is that your contributions may be tax deductible, depending on your income, tax filing status, and participation in an employer-sponsored retirement plan.
Roth IRA
A Roth IRA allows you to invest in an account, as long as certain income guidelines and requirements are met. If you're eligible to invest, your contributions are made with after-tax dollars.
Though Roth IRA contributions are not tax-deductible, withdrawals may be tax-free and there are fewer withdrawal restrictions.
Begin planning and saving for the future.
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You are now leaving Thrivent Credit Union's website. Deposit and lending services are offered by Thrivent Credit Union, the marketing name for Thrivent Federal Credit Union, a member-owned not-for-profit financial cooperative that is federally insured by the National Credit Union Administration and doing business in accordance with the Federal Fair Lending Laws. Insurance, securities, investment advisory and trust and investment management accounts and services offered by Thrivent, the marketing name for Thrivent Financial for Lutherans, or its affiliates are not deposits or obligations of Thrivent Federal Credit Union, are not guaranteed by Thrivent Federal Credit Union or any bank, are not insured by the NCUA, FDIC or any other federal government agency, and involve investment risk, including possible loss of the principal amount invested.
Any data or personal information collected by websites other than Thrivent Credit Union (TCU) is not covered by TCU's privacy policy. We recommend you read the privacy policies of those sites as they may be different from TCU's policy.
Any data or personal information collected by websites other than Thrivent Credit Union (TCU) is not covered by TCU's privacy policy. We recommend you read the privacy policies of those sites as they may be different from TCU's policy.
Get current certificate and savings rates.
Compare IRA features and benefits.
Request a withdrawal, manage beneficiary information and more.
Leaving TCU
You are now leaving Thrivent Credit Union's website. Deposit and lending services are offered by Thrivent Credit Union, the marketing name for Thrivent Federal Credit Union, a member-owned not-for-profit financial cooperative that is federally insured by the National Credit Union Administration and doing business in accordance with the Federal Fair Lending Laws. Insurance, securities, investment advisory and trust and investment management accounts and services offered by Thrivent, the marketing name for Thrivent Financial for Lutherans, or its affiliates are not deposits or obligations of Thrivent Federal Credit Union, are not guaranteed by Thrivent Federal Credit Union or any bank, are not insured by the NCUA, FDIC or any other federal government agency, and involve investment risk, including possible loss of the principal amount invested.
Any data or personal information collected by websites other than Thrivent Credit Union (TCU) is not covered by TCU's privacy policy. We recommend you read the privacy policies of those sites as they may be different from TCU's policy.
Any data or personal information collected by websites other than Thrivent Credit Union (TCU) is not covered by TCU's privacy policy. We recommend you read the privacy policies of those sites as they may be different from TCU's policy.
This information is not intended and should not be construed as legal, investment or tax advice. Please consult your attorney, tax advisor or other appropriate professional for such advice, including advice regarding the deductibility of contributions and advice on how this information applies to your individual circumstances. Thrivent Credit Union cannot and does not guarantee the accuracy or completeness of this information or the applicability of it to your individual circumstances and does not bear any liability as a result of your reliance on this information.