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Routing Number: 272479663
Swift Code: MSUCUS44
 
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IRA/HSA Options
 
 
 
 
 
 
IRA Loan
Make saving for your future a possibility with an MSUFCU IRA Loan. Whether you open a Traditional IRA, which provides tax-deferred growth, or a Roth IRA that offers tax-free qualifying withdrawals, both will be beneficial for retirement. Plus, IRAs can offer great tax advantages!

Borrow up to the amount deposited to an IRA Certificate at a loan rate 2 percentage points above the rate paid on the MSUFCU Certificate you select.
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IRA Loan
Make saving for your future a possibility with an MSUFCU IRA Loan. Whether you open a Traditional IRA, which provides tax-deferred growth, or a Roth IRA that offers tax-free qualifying withdrawals, both will be beneficial for retirement. Plus, IRAs can offer great tax advantages!

Borrow up to the amount deposited to an IRA Certificate at a loan rate 2 percentage points above the rate paid on the MSUFCU Certificate you select.
Coverdell Education Savings Account (CESA)
The Coverdell Education Savings Account (CESA) is an account that allows individuals to save money for a child's education. Contributions are non-deductible but feature tax-free, penalty-free withdrawals for certain educational expenses before the beneficiary reaches age 30.

• Annual contribution limit of $2,000
• Qualified education expenses include tuition and certain related expenses required for enrollment in a course at an eligible educational institution. Student-activity fees and expenses for course-related books, supplies, and equipment are included if the fees and expenses must be paid to the institution as a condition of enrollment or attendance.
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Coverdell Education Savings Account (CESA)
The Coverdell Education Savings Account (CESA) is an account that allows individuals to save money for a child's education. Contributions are non-deductible but feature tax-free, penalty-free withdrawals for certain educational expenses before the beneficiary reaches age 30.

• Annual contribution limit of $2,000
• Qualified education expenses include tuition and certain related expenses required for enrollment in a course at an eligible educational institution. Student-activity fees and expenses for course-related books, supplies, and equipment are included if the fees and expenses must be paid to the institution as a condition of enrollment or attendance.
Roth IRA
A Roth IRA gives you the ability to invest your after-tax dollars today and take qualifying withdrawals tax free after five years on deposit and if you are at least age 59 1/2, disabled, or are a first-time home buyer. Contributions may be made at any age, as long as you have earned income.
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Roth IRA
A Roth IRA gives you the ability to invest your after-tax dollars today and take qualifying withdrawals tax free after five years on deposit and if you are at least age 59 1/2, disabled, or are a first-time home buyer. Contributions may be made at any age, as long as you have earned income.
Traditional IRA
A Traditional IRA allows for tax deferred growth of contributions and earnings to be tax deferred until you withdraw them at retirement, when you may be in a lower tax bracket. Contributions can be made if you are under age 70 1/2 for the tax year that you are contributing and have earned income. Traditional IRA owners must begin taking distributions when he/she is 70 1/2 years of age.
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Traditional IRA
A Traditional IRA allows for tax deferred growth of contributions and earnings to be tax deferred until you withdraw them at retirement, when you may be in a lower tax bracket. Contributions can be made if you are under age 70 1/2 for the tax year that you are contributing and have earned income. Traditional IRA owners must begin taking distributions when he/she is 70 1/2 years of age.
Simplified Employee Pension (SEP) Plan IRA
The Simplified Employee Pension (SEP) Plan IRA is a retirement plan established by an employer or self-employed individual that offers higher contribution limits than a standard Traditional IRA. SEP Plans provide employers with a simplified way to contribute funds toward an employee's retirement or, if self-employed, his or her own retirement. Amounts contributed and earnings offer tax deferred growth until withdrawn. Contribute at any age as long as you receive income.
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Simplified Employee Pension (SEP) Plan IRA
The Simplified Employee Pension (SEP) Plan IRA is a retirement plan established by an employer or self-employed individual that offers higher contribution limits than a standard Traditional IRA. SEP Plans provide employers with a simplified way to contribute funds toward an employee's retirement or, if self-employed, his or her own retirement. Amounts contributed and earnings offer tax deferred growth until withdrawn. Contribute at any age as long as you receive income.
Health Savings Account
A Health Savings Account, or HSA, is an IRA-like account that is designed exclusively for covering medical expenses incurred by the person who establishes the account and his or her dependents.

In order for HSA assets to retain their tax-free status, they may only be withdrawn and used for certain expenses. These expenses include: most medical, dental and vision care, premiums for long-term care insurance, health insurance when unemployed, and certain health insurance premiums after age 65. Funds used for non-medical expenses after age 65 are treated as taxable income.
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Health Savings Account
A Health Savings Account, or HSA, is an IRA-like account that is designed exclusively for covering medical expenses incurred by the person who establishes the account and his or her dependents.

In order for HSA assets to retain their tax-free status, they may only be withdrawn and used for certain expenses. These expenses include: most medical, dental and vision care, premiums for long-term care insurance, health insurance when unemployed, and certain health insurance premiums after age 65. Funds used for non-medical expenses after age 65 are treated as taxable income.
Disclosures
MSUFCU does not offer tax advice. Be sure to discuss your specific tax situation with your tax advisor.

Contributions to your Roth IRA may be limited by your filing status and income. Be sure to discuss your specific tax situation with your tax advisor.

Individuals already enrolled in employer-sponsored pension plans will not be eligible for the SEP Plan IRA.

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