As part of our new services available to you, all Midwest Mortgage accounts have been successfully transferred; however, you may not see them in your online banking. Rest assured, you will be able to see your account information in online banking soon. We apologize for any inconvenience.

If you are having difficulty reaching us by phone, please send an email to ask@numarkcu.org and we will get back with you.

What are the tax advantages?

Traditional IRA

  • A married person who is not an active participant in a retirement plan, but whose spouse is an active participant will be eligible for a fully deductible contribution to a Traditional IRA if MAGI* is under $150,000
  • Earnings compound tax-deferred until withdrawn, usually out-earning taxable non-IRA investments. Earnings are then taxed when withdrawn, usually at a lower tax rate.
  • Contributions may be tax deductible if certain requirements are met.

Roth IRA

  • Regular contributions can be withdrawn tax and penalty free anytime
  • Earnings are tax free if account is open for five years and withdrawn for one of the following qualified reasons:
    • Death
    • Disability
    • Age 59 1/2
    • First time home purchase
    • Not required to start withdrawals at age 70 1/2

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