ROTH IRA

It's easy to invest in your future at Maine State CU. A Roth IRA can help you prepare for retirement and serve a number of other purposes.

Preparing for Retirement - Roth IRAs serve as a great retirement tool because qualified withdrawals, including earnings, are tax-free.
First Home Purchase - If you've had your Roth IRA for at least five years, you can use $10,000 towards the purchase of your first home tax- and penalty-free.
Leave Funds to your Heirs - There are no mandatory withdrawals, so you could leave money from your Roth IRA to your heirs tax-free.
Pay for College - Qualified educational expenses are penalty free. There is no dollar limit and funds can be used for tuition, fees, books, and supplies at a post-secondary institution.
Rainy Day Fund - You have access to your regular contributions tax- and penalty-free at any time for any reason.

For the answers to all of your IRA questions, call one of our IRA Specialists today at (800) 540-8707.

Click here to view a full list of our IRA rates