Open an Account
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There is a proper time to start thinking about retirement: now. That holds true at any age, young or...um...not so young. eDCU offers traditional and Roth IRAs, as well as Coverdell ESAs, so you can save the way you want. Rest easier with competitive dividends and unique tax advantages.* Do your future self a favor — open your IRA today!
*Consult a tax advisor.
There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
3Consult a tax advisor.
College can be a time for growth and learning. Unfortunately, building debt is often part of that equation too. But establishing a Coverdell Education Savings Account (formerly called an Education IRA) for a beneficiary is a great way to help avoid that last part.
1Qualified expenses include tuition and fees, books, supplies, board, etc.
2Consult your tax advisor to determine your contribution limit.
3Those earnings are subject to income tax and a 10% penalty.