Individual Retirement Accounts

Save today. Plan for tomorrow.

Retirement savings don't have to be complicated. Wichita Federal Credit Union offers Traditional and Roth IRAs to help you put money aside for the future while taking advantage of valuable tax benefits. Whether you're just beginning to save or building on what you already have, an IRA can be an important part of your financial plan.

Find the IRA that's right for you

Traditional and Roth IRAs both offer opportunities to grow your retirement savings with tax advantages. The difference is when you receive those benefits.

Traditional IRA

Save now. Pay taxes later.
A Traditional IRA allows your contributions and earnings to grow tax-deferred. Depending on your income and eligibility, contributions may be tax-deductible, which could help lower your taxable income today. Taxes are generally paid when you withdraw funds.

A Traditional IRA may be a good fit if you:

  • Want to explore potential tax deductions today.

  • Prefer to defer taxes on retirement savings until you make withdrawals.

  • Are building a long-term retirement plan.

Roth IRA

Pay taxes now. Enjoy tax-free qualified withdrawals later.
With a Roth IRA, you contribute money you've already paid taxes on. Your savings can grow tax-free, and qualified withdrawals—including earnings—are generally tax-free. Roth IRAs may be a valuable option if you want to plan ahead for tax-free retirement income.

A Roth IRA may be a good fit if you:

  • Want the potential for tax-free qualified withdrawals in retirement.

  • Prefer to pay taxes on contributions now.

  • Are looking for another way to build long-term retirement savings.

Make your retirement savings work for you

Potential tax advantages
Traditional and Roth IRAs offer different ways to receive tax benefits. Choose the option that best aligns with your financial situation and long-term goals.

Grow your savings over time
Your contributions and earnings can help build a stronger financial foundation for retirement. Starting early and saving consistently can make a meaningful difference over the years.

A plan that fits your future
Whether retirement is decades away or just around the corner, an IRA can help you work toward the future you want. Our team can help you understand your options and get started.

Ready to start saving?
The best time to think about retirement is before you need it. Wichita Federal Credit Union is here to help you take the next step toward your financial goals.

Let's make your future a priority.

Open an IRA
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​​​​​​​IRA eligibility, contribution limits, tax treatment and withdrawal rules are subject to IRS requirements. Consult a qualified tax professional for advice about your individual situation.