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San Diego Branch
Our San Diego branch is currently closed and is expected to reopen on Monday, September 25th. Members can access their accounts with online or mobile banking.
Self-Help Credit Union

Individual Retirement Accounts (IRA)

Invest In Your Future

Opening an IRA account is a safe and secure way to prepare for your retirement. You can open an account with only $500 and add deposits as you are able each year. Not only will you be earning competitive dividends, but you may be eligible to deduct your IRA contributions from your taxable income.*

Tax-Advantaged* Retirement Savings

  • Competitive dividends above standard savings rates
  • Traditional and Roth IRA options
  • Ability to open a term certificate within your IRA
  • $500 minimum deposit to open term certificate within IRA
  • $100 minimum deposit to open savings account within IRA
*Consult your tax adviser.
*Product availability may vary by location.
IRA

Traditional vs. Roth IRA

Traditional

  • No income limits to open
  • No minimum contribution in any year allowing flexibility
  • Contributions may be tax deductible on state and federal income tax*
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals required based on age
  • Taxes on dividends are deferred until retirement

Roth IRA

  • Income limits to be eligible to open Roth IRA
  • Contributions are NOT tax deductible
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty**
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income
  • Earnings accumulate tax-free and remain tax-free upon distribution
*Subject to some conditions. Consult a tax advisor.
**Certain exceptions apply, such as health care, purchasing first home, etc. 
Schedule of fees: English Spanish