Everence individual retirement accounts
Individual retirement accounts offer tax-deferred opportunities, which can help your savings grow faster. Choose from a variety of IRA products to fit your personal situation. To determine the best IRA option for you, continue reading – then call us at (800) 348-7468 or contact an Everence representative for more information.
IRA options from Everence
We offer several IRA and retirement plan options, through our:
Our team of professionals can help determine which option best suits your needs and goals. Find your Everence representative!
Traditional vs. Roth IRA: What’s the difference?
Traditional IRA
- Pretax contributions
- Savings grow tax-deferred
- Withdrawals are taxed
Roth IRA
- Contributions are taxed
- Savings grow tax-free
- Withdrawals are tax-free (after age 59½)
In general, choose a traditional IRA if you want an immediate tax deduction and a Roth IRA if you don’t need a tax break right away. Learn more.
Choosing an IRA custodian
It’s important to consider how you want to grow your IRA savings. Different investments are available from different IRA custodians. For example:
- Credit union and bank IRAs – save in certificates or savings accounts
- Insurance company IRAs – purchase annuities
- Mutual fund company, trust company or brokerage IRAs – invest in mutual funds, stocks and bonds
Rollovers
If you change jobs, you may be able to roll over your retirement plans into an IRA. You can even roll over one IRA into another. This way, your retirement savings are all in one place, and (in some instances) you may have broader investment choices. Talk with your retirement plan administrator or financial representative to learn more.
You should consider the fund's investment objectives, risks and charges and expenses carefully before you invest. The fund's prospectus contains this and other information. Call (800) 977-2947 or visit www.praxismutualfunds.com for a prospectus, which you should read carefully before you invest. Praxis Mutual Funds are advised by Everence Capital Management and distributed through FINRA member BHIL Distributors Inc. Investment products offered are not FDIC insured, may lose value, and have no bank guarantee.
Everence offers credit union products that are federally insured by the NCUA. We also offer securities and other products that are not NCUA insured, may involve loss of principal, and have no credit union guarantee.
This information is not intended as tax advice. Consult a tax professional for tax advice and to determine the option best for you.