Start Planning for Your Retirement Today
OHecu offers a variety of IRA options designed to support your unique savings goals, each providing a secure, risk-free way to invest for the future while taking advantage of valuable tax benefits. Whether you’re beginning your journey to retirement or looking to strengthen a plan already in place, our team is here to guide you every step of the way. Visit any of our branch locations to get started. We’ll take the time to understand your needs, explain your options, and help you choose the IRA that’s right for you. Start building your retirement savings with clarity and confidence today!
Traditional IRA
A Traditional IRA allows you to save for retirement with tax-deferred earnings and the possibility of tax-deductible contributions. You may contribute up to $7,000 for 2025 and $7,500 for 2026 (plus an additional $1,000 for 2025 and $1,100 for 2026, if you are age 50 or older). The contribution limits are subject to annual cost-of-living adjustements.
You may contribute to your IRA until the due date for filing your federal income tax return for the year, generally April 15. And you may be able to deduct all or part of your Traditional IRA contributions*. Check out the IRA brochures below to learn more.
* Subject to IRS Rules and Regulations. Consult your tax advisor.
Roth IRA
A Roth IRA allows you to make after-tax (non-deductible) contributions with the potential to take completely tax-free distributions. All "qualified distributions" are tax and penalty free*. You may contribute up to $7,000 for 2025 and $7,500 for 2026 (plus an additional $1,000 for 2025 and $1,100 for 2026, if you are age 50 or older).
You may contribute to your IRA until the due date for filing your federal income tax return for the year, generally April 15. Check out the IRA brochures below to learn more.
* Subject to IRS Rules and Regulations. Consult 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 Contributions can be withdrawn at any time, without penalty.*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.
