Individual retirement accounts

Envision the possibilities of tomorrow, with IRA options that can grow your financial security and confidence, and allow for choices and intentions. See how you can get started or streamline your approach to retirement savings.
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Why an ira

Powerful planning with tax advantages

Access investments that fit your time horizon, goals and situation – through this powerful savings tool. There's no time like now to get started. 

Signing plan

Traditional IRA

  • Pre-tax contributions
  • Savings grow tax-deferred
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Roth IRA

  • Contributions are taxed
  • Savings grow tax-free
  • Withdrawals are tax-free, after age 59+ 1/2
    if the account has been in existence for 5 years
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Rollovers

If appropriate for your situation, you can roll over your retirement plan into an Everence IRA. 

Different types of investments are available from different IRA custodians. For example: 

  • Insurance company IRAs allow you to purchase annuities.
  • Mutual fund company, trust company or brokerage IRAs allow you to invest in mutual funds, stocks, and bonds.

Consider what types of assets you want to use to grow your savings. We can help. 

Get started today

An Everence representative can help you consider your options and easily set up your IRA account. 

Working with you

You can expect to work with a qualified representative and supported by a team that will work to understand your needs – in a way that can be convenient for you – whether that's in person, by phone, online, or in other ways.

Our tools and services are designed for you.
IRA comparison

How each option differs

Traditional Roth
Tax advantages Contributions may be tax-deductible, and earnings grow tax-deferred until withdrawal.

Earnings grow tax-free, and may be withdrawn tax-free if your account has been open for five years and:

  • You are age 59.5 or older, or
  • The distribution is due to your death, disability, or a first-time home purchase.3
Eligibility You can contribute if you have earned compensation. You can contribute if you have earned compensation and your modified adjusted gross income falls within the limits set by the IRS.
Annual contribution limits1
  • If you are under age 50, you may contribute up to $7,000.
  • If you are age 50 or older, you may contribute up to $8,000. Contributions may not exceed earned income.
  • If you are under age 50, you may contribute up to $7,000.
  • If you are age 50 or older, you may contribute up to $8,000. Contributions may not exceed earned income.
Withdrawals2
 Earnings and contributions are taxed as income when withdrawn. Required Minimum Distribution must begin in the year you reach age 72.

Contributions may be withdrawn tax- and penalty-free at any time. After the account has been open five years, earnings may be withdrawn tax- and penalty-free if:

  • You are age 59.5 or older, or
  • The distribution is due to your death, disability, or a first-time home purchase.3 No Required Minimum Distribution at age 72.

 

Your rollover guide

Find your rollover options

Whether you’re changing jobs or retiring, find out your options for your retirement savings.

Disclaimer

1You may contribute to both a traditional and a Roth IRA (subject to eligibility), as long as contribution limits are not exceeded. Contributions may not exceed earned income.

2Withdrawal penalties may apply if funds are withdrawn before age 59½.

3A $10,000 lifetime maximum applies.

This information is not intended as tax advice. Consult a tax professional for tax advice and to determine the option best for you.

Securities offered through Concourse Financial Group Securities, Inc., Member FINRA/SIPC. Investments and other products are not NCUA or otherwise federally insured, may involve loss of principal and have no credit union guarantee.
 
Products and services offered through Everence Trust Company and other Everence entities are independent of and are not guaranteed or endorsed by Concourse Financial Group Securities, or its affiliates.