• It used to be that when folks talked of an IRA, they were referring to exactly that: an Individual Retirement Account.
• While an IRA is still one of the best ways to plan for those post-employment "golden" retirement years, you can now use an IRA to help plan for some of life's other major events...the purchase of a first home...your children's college education...a medical disability. Depending on your needs, one (or more) of Northwest Hills Credit Union's federally insured IRA options may be right for you!

• Which IRA is Right for You?
• Roth IRA | Traditional IRA
• As with all financial investment decisions, an informed consumer is a savvy one. For many people, the primary distinction between using a Roth IRA and selecting a Traditional IRA depends upon where you believe your tax liability to be greatest: now or at retirement. Does your tax filing situation benefit from having tax-deferred interest on your savings now? Or do you anticipate that your future tax bite during retirement years might be even bigger and, hence, want to reduce that future liability?

• If you are nearer to the beginning of your working career and haven't yet purchased your first home, the Roth IRA provides a viable option.