Traditional IRA
A Traditional IRA may allow eligible individuals to make tax-deductible contributions, helping you save for retirement while potentially reducing your taxable income today. Your earnings grow tax-deferred until you begin taking distributions during retirement.
Benefits of a Traditional IRA
- Potential tax-deductible contributions
- Tax-deferred earnings growth
- IRA Savings and IRA Certificate options available
- Can help supplement an employer-sponsored retirement plan
Roth IRA
A Roth IRA is funded with after-tax dollars, allowing your money to grow tax-free. If IRS requirements are met, qualified withdrawals, including earnings, are generally tax-free during retirement.
Benefits of a Roth IRA
- Tax-free qualified withdrawals if IRS requirements are met
- No Required Minimum Distributions (RMDs) during the original owner's lifetime
- Tax-free growth potential
Not Sure Which IRA Is Right for You?
The right option depends on your financial situation, retirement goals, and tax considerations. Our team is here to help answer your questions and guide you through your options. Contact MSDFCU today to learn more about our IRA products and start building your retirement savings plan with confidence.
Contact Us Today
[email protected] | 215-996-3700
Current IRS Contribution Limits & Eligibility
Current IRS Contribution Limits and Eligibility IRA contribution limits, income eligibility, deduction rules, and distribution requirements are established by the Internal Revenue Service (IRS) and may change annually. For the most current information, please visit these official IRS resources:
- Annual IRA Contribution Limits: IRA Contribution Limits
- Traditional IRA Deduction Limits: IRA Deduction Limits (IRS)
- Roth IRA Income Limits: Roth IRA Contribution Eligibility
- Required Minimum Distributions (RMDs): Retirement Plan and IRA Required Minimum Distributions FAQs
Important Disclosure: This information is provided for educational purposes only and is not intended as tax, legal, or financial advice. Consult your tax advisor or financial professional regarding your individual circumstances before making retirement planning decisions.
For a more comprehensive retirement and investment plan, MSDFCU encourages you to seek the advice of a professional financial planner. Through New Britain Financial Advisors, you have access to financial management services with a wide range of investments, insurance and transactions at one location. You have convenient access to knowledgeable representatives, valuable information, investment and insurance vehicles, and educational workshops – resources that can help you identify objectives and make sound financial decisions.
The consultation is free.
Contact
New Britain Financial Advisors, 335 West Butler Avenue Chalfont, Pennsylvania 18914
Email [email protected] | Phone 855-575-4898 | Fax 215-996-3779
Check the background of investment professionals associated with this site on FINRA’s BrokerCheck.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Merck Sharp & Dohme Federal Credit Union (MSDFCU) and New Britain Financial Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name New Britain Financial Advisors, and are employees of LPL. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of MSDFCU or New Britain Financial Advisors. The New Britain Financial Advisors site is designed for U.S. residents only. The services offered within this site are offered exclusively through our U.S. registered representatives. LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states:CA, CO, CT, DC, DE, FL, GA, IL, IN, MA, MD, MI, MO, MT, NC, NJ, NV, NY, OH, PA, RI, SC, TX, VA, & WA. Securities and insurance offered through LPL or its affiliates are:
| Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value |
Merck Sharp & Dohme Federal Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services.
Please visit the LPL website for more detailed information.
New Britain Financial Advisors
335 West Butler Avenue
Chalfont, Pennsylvania 18914
Phone: 215.996.3778 | Fax: 215.996.3779