REMINDER:
Regulations in Hamblen, Knox, Roane, Sevier, Sullivan & Washington County require masks to be worn inside all public buildings.
REMINDER:
Regulations in Hamblen, Knox, Roane, Sevier, Sullivan & Washington County require masks to be worn inside all public buildings.
IRAs
Individual Retirement Accounts
With an IRA you can make saving for life's special moments simple.
An Individual Retirement Account (IRA) is a savings program that offers tax breaks for investing money into retirement. Thanks to those tax incentives, you'll end up saving more money now and in the future. Simply add money to your IRA over time and watch your investment grow. Eventually, investments can be withdrawn to provide income for retirement. The best part is the earnings in both Traditional and Roth IRAs are tax deferred as long as the money remains in the IRA. Invest in yourself today by starting an IRA!
What is the best IRA for you?
Traditional IRA
- For members of all ages with taxable compensation
- Required minimum distributions beginning at age 72
- Tax deductible contributions
- No taxes until distributions
Get started with our calculator!
Roth IRA
- For members of all ages with taxable compensation
- Ideal if you anticipate retiring in a higher income bracket
- No minimum required distributions
- Tax-free distributions
Retirement planning made easy with Ascensus.
To offer our Members even more great benefits, we have decided to partner with Ascensus, the largest independent retirement services provider in the United States. This partnership will allow Members to easily complete IRA documents online before being sent to the Credit Union for processing.
Ascensus is a third-party partner to Knoxville TVA Employees Credit Union.
Talk with our IRA consultants concerning specific information about rates, IRS guidelines, and account procedures by calling (800) 467-5427. Some restrictions may apply. All rates and offerings subject to change. Talk to a financial advisor regarding individual scenarios. Ask for details.