Start Planning for Your Retirement Today
OHecu offers a choice of IRAs to meet your specific savings requirements and objectives. All provide risk-free investment and important tax benefits. IRAs must be opened at an OHecu branch location, visit today to open yours.
Traditional IRA
OHecu Traditional IRA allows you to contribute up to $6,000 annually ($7,000 if you are age 50 or older), and your earnings are tax-deferred (Be sure to consult with your tax advisor). Contributions can be withdrawn at any time, without penalty.* This is an important advantage over accounts that “lock in" your funds until maturity.
* Subject to IRS Rules and Regulations. Be sure to consult your tax advisor.
Roth IRA
OHecu Roth IRA allows you to contribute up to $6,000 annually ($7,000 if you are age 50 or older), and your earnings are tax-free (Be sure to consult with your tax advisor).
IRA Share Savings
IRA Share Savings Accounts offer a very competitive dividend rate to members who want short-term savings. The IRA Share Savings Account is a variable rate, dividend-bearing account offering you the ability to earn, while providing you the ability to manage your retirement money. Contributions can be withdrawn at any time, without penalty.*
This is an important advantage over accounts that “lock in’ your funds until maturity. The dividend rates on this account are subject to change at any time. Click here to see current rates.
* Subject to IRS Rules and Regulations. Be sure to consult your tax advisor.
IRA Term Share Certificates
IRA Term Share Certificates are available for any maturity from 3 months to 5 years. The minimum deposit to open an IRA Term Share Certificate is $500. Click here to see current rates.
Are my current retirement savings sufficient?
One method of retirement planning is to project what you are currently saving and have already accumulated to see if you will have enough to meet your retirement objectives. Use this retirement planning calculator to determine when/if the money will run out during retirement and it will recommend additional savings if required.
