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IRAs are an integral part of saving for your retirement. Whether you are opening your very first IRA or rolling over a 401(k) from a former employer, you’ll want to first decide which type of IRA is right for you:
A traditional IRA might be right for you if you are interested in: - Tax-deferred earnings
- The possibility of tax-deductible contributions
A Roth IRA might be right for you if you are interested in: - Tax-free withdrawals
- Withdrawing funds early for qualified reasons , such as education, without tax penalties
- Avoiding required withdrawals
A Coverdell Education Savings Account might be right for you if you are interested in saving for a child's education expenses. Qualified expenses include elementary and secondary education (K-12) and post-secondary education (college, graduate school, vocational school, etc.).
Whichever IRA you choose, you have three savings options with MECU: - An IRA market account offers you the option of adding contributions anytime you want. Payroll deduction or automatic transfers from your checking account make it easy.
- IRA certificates enable you to make a lump sum deposit of $1,000 or more to open your account and lock the rate in for the term of the certificate.
- MECU Investment Advisors offers mutual funds and other investment options for a potentially higher rate of return.
 Compare our rates to the competition
 List of all MECU fees
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Self-help and Resources
