Hickam Federal Credit Union offers a wide range of IRA products that will help make you achieve your retirement plans and goals.

• No minimum balance is required for all IRA Savings Accounts.
• No monthly fees.
• Contributions may be made in "lump sums" or by regular deposits to the IRA Savings Account throughout the year.
• Dividends are paid monthly.
• IRA Certificates are also available with a minimum deposit of $500 and terms of 12, 24 and 36 months

Traditional IRA

A traditional IRA is an account that allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions may be tax deductible in the year they are made. Check with your tax preparer for deductibility.

Roth IRA

The Roth IRA is an account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a Traditional IRA. Unlike the Traditional IRA, there is no requirement to begin taking distributions at age 70 1/2.

Coverdell Educational Savings Account

The Coverdell Educational Savings Account is an account that features tax-free withdrawals for a child's higher education expenses. Contributions are nondeductible, therefore unlike the Traditional IRA, distributions from an Coverdell Educational Savings Account are penalty free and tax-free.

Consult your tax adviser for further information.

IRA Certificates

Earn higher dividends with an IRA Certificate*. IRA Certificates are available with a minimum deposit of $500.

*IRA Certificates are subject to Hickam FCU penalties upon early withdrawal. Please see Hickam FCU Truth-in-Savings Disclosure for details.