Two people standing in an open plain, smiling.

INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)

Tax-advantaged account options to make the most of your savings.

Invest in Your Future

Whatever your vision of retirement, investing in an IRA provides resources to help you get there. We offer both Traditional and Roth IRAs in three different account types, so you can take advantage of the tax benefits of IRA in the way that best fits your needs.

As with all of our deposit accounts, IRAs at Together Credit Union are federally insured by NCUA, allowing your investment to grow risk-free.

Open or Service Your Account

Do you need to complete an IRA transaction, but can't make it into a branch? Retirement Central can help, with self-service tools and guidance to help you achieve financial security in retirement.

What is Retirement Central?

With Retirement Central, you can complete and electronically sign forms to request a contribution to be transferred into your Together Credit Union IRA account.

You can also complete and electronically sign forms to request a withdrawal from your IRA.

Prefer printing the documents? That works too! See below for details.

Don’t have an IRA or HSA?

Retirement Central allows you to open your IRA or HSA online, as long as you are a member and the primary account holder.

Printing IRA Forms

You can complete the Retirement Central forms, print them, and then either mail them to us or drop them off at your nearest branch. If mailing, please send to:

Together Credit Union
Attn: IRA Services
423 Lynch St.
St. Louis, MO 63118

All IRA Options Include:

Tax-advantaged retirement savings¹
Competitive dividends
Choice to open as Traditional or Roth
No setup or annual fees
Minimum deposit of just $5.00 to open

Open or Manage your IRA Online

Traditional vs. Roth IRAs

There are two kinds of IRAs to choose from, each with distinct tax advantages. A tax advisor can help you decide which one is right for your personal goals and tax scenario:

Traditional IRA

Anyone who has earned compensation or who files income tax jointly with a spouse who has earned compensation can contribute.

No minimum contribution per year.
Contributions may be tax-deductible*.
Earnings are tax-deferred until withdrawal.
Penalty-free withdrawals can begin at age 59½
Early withdrawals are subject to penalty**
Mandatory withdrawal starts at age 73 (as of 2023). This will increase to 75 in 2033.
- For more information regarding Required Minimum Distributions, please visit the IRS website.

Roth IRA

Anyone with earned compensation or who files income tax jointly with a spouse who has earned compensation and is within certain income limits can contribute.
Contributions are NOT tax deductible
Earnings are tax-deferred*
Contributions can be withdrawn without tax or tax penalty
Early withdrawal of interest is subject to income tax and possible tax penalty**
No mandatory withdrawal or distribution
Qualifying withdrawals are tax-free***