Estate Planning - Roth IRA

Save more for retirement with tax-free growth.

Enjoy greater financial security in retirement with a Roth IRA from Fibre Federal Credit Union and TLC. Every dollar you contribute could grow substantially over time.

Other Benefits

No Required Minimum Distributions

There are no mandatory minimum withdrawals. Take greater control over your retirement income.

Investment Options

Choose from various investment options, such as mutual funds, ETFs, stocks, etc.

Federally Insured

Get peace of mind from the added security of federal insurance up to $250,000, in addition to federal insurance up to $250,000 on your other deposits with us.

Additional Details

It’s easy to save for retirement with our credit union Roth IRA account. We don't charge annual fees, leaving more money for your future.

You’ll enjoy competitive dividends credited monthly, allowing you to grow your retirement savings faster.

The standard annual contribution limit increases for members over 50 years old. Qualified withdrawals at 59½ or older avoid the 10% early distribution penalty. Taxes may apply to withdrawals if you’ve held your Roth IRA for less than 5 years.

Open a Roth IRA

Why Choose Fibre Federal & TLC?

At Fibre Federal Credit Union and TLC, we put our community first, not outside stockholders. By opening an account with us, you're not just a customer but a part-owner of the credit union.

Joining is easy if you live in select counties of Washington and Oregon or are connected to a current member through family or business.

We're more than just a credit union—you’re joining a family that cares about your financial well-being.

Explore the fantastic features of our Roth IRAs and see how we can help you achieve your retirement goals!

Roth IRA Resources

Rates

View Deposit Rates

Start saving for retirement now with a Roth IRA from Fibre Federal Credit Union and TLC. Take advantage of tax-free growth and tax-free withdrawals in retirement.

Open a Roth IRA

Apply & Save in 1-2-3

1 Contact Us Give us a call or stop by a financial services center to speak with a representative.
2 Fund your Roth IRA Deposit money to begin your retirement savings journey.
3 Watch your Money Grow! Make regular deposits or set up automatic transfers up to the allowable maximum.

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Real Words, Real People from the PNW

I used the chat feature in the Fibre Federal Credit Union app to resolve a problem with funds in one of our accounts and I couldn’t be happier with the experience. I work in a loud environment where phone calls aren’t always the best option for contacting people, so having the ability to chat with someone is a great option I think all banking institutions should implement.

Trevor N.

Roth IRA FAQs

How do credit union Roth IRA rates compare to banks?

Credit unions typically offer more competitive dividend rates on Roth IRAs than large national banks. This allows your retirement savings to grow faster over time. Our excellent rates are just one of the many benefits of opening your Roth IRA at our member-focused credit union.

Can I contribute to a Roth IRA if I participate in a 401(k) or other workplace retirement plan?

Yes, you can. Participating in an employer-sponsored retirement plan does not affect your ability to contribute to a Roth IRA. Your eligibility to contribute is based on your modified adjusted gross income.

Does a Roth IRA have required minimum distributions (RMDs)?

No, a significant benefit of a Roth IRA is there are no required minimum distributions during the account owner’s lifetime. This allows your savings to continue growing tax-free.

Can I withdraw my contributions from a Roth IRA without penalty?

Yes, you can withdraw your contributions from a Roth IRA at any time, tax and penalty-free. However, you cannot withdraw earnings without incurring taxes and penalties—unless you meet certain conditions:

Your Roth IRA account is at least five years old.
You’re 59½ years old or you meet any of the withdrawals exceptions.

You can find more information regarding Roth IRA distributions on the IRS website.

What is the contribution limit for a Roth IRA?

The annual contribution limit for a Roth IRA is $6,000 for 2023 (or $7,000 if you are 50 or older). This limit applies across all your Roth IRAs.

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*Annual Percentage Yield (APY) effective and subject to change.

Also see Terms For Accounts.

Roth IRA Accounts