Individual Retirement Accounts
Saving for retirement is easy with a no fee IRA account from Shrewsbury Federal Credit Union.
- No maintenance fees
- No rollover fees
- No transfer fees
- IRA Share rates earn the same great rates as our Regular Share Certificates.
- Contributions and dividends earned may be tax-deferred until withdrawn, and then the funds are taxed at your income tax rate, which in most cases, is a lower tax rate. Consult your tax advisor.
- Withdrawals can begin at age 59-1/2, but are mandatory at age 70-1/2. You can elect to have withdrawals made either monthly, quarterly, semi-annually or annually, through either of two payment methods: having a check sent to you; or the funds can be transferred to your share account or checking account.
- Retirement Calculator