An IRA Contribution is when personal funds are placed into your IRA to save for your retirement.
Contributions are vital to retirement planning and to the growth of your IRA, and they may also offer tax advantages.
To complete a contribution to your EECU IRA, please call us at 800-538-3328, email us at iradesk@myeecu.org, or visit your nearest EECU branch for assistance.
Important Considerations:
We recommend confirming your eligibility to contribute to an IRA, based on your IRA type and your income, by first speaking with a tax professional.
Since 2020, there is no age limit to make regular contributions to Traditional or Roth IRAs as long as you or your spouse is working.
There are IRA contribution limits per year; refer to the IRS website for details. These limits may change annually and also apply to the aggregate of all contributions made to your IRA(s) for the year.
There are no contributions allowed into EECU Inherited IRAs.
Important Disclosure: This information is for educational purposes and does not constitute tax or legal advice. Tax laws are complex and subject to change. EECU recommends consulting with a qualified tax advisor to determine your eligibility and the best IRA strategy for your specific financial situation.