Build a better retirement with Solarity
Planning for retirement starts with smart saving, and Solarity’s Individual Retirement Accounts (IRAs) make it easier to grow your nest egg.
Whether you prefer tax-free growth with a Roth IRA or tax-deferred savings with a Traditional IRA, our flexible options help you build the future you envision. Plus, with 12-, 24- and 36-month certificate options, you'll earn a guaranteed return and avoid market volatility for peace of mind, while enjoying the benefits of tax-advantaged savings.
Start preparing today and take a confident step toward a secure retirement.
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Here's the scoop on IRAs
Two account options: Roth and Traditional
Choose the account type that best fits your retirement plan.
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IRA share certificates available
Lock in a great rate for a set term and avoid market volatility.
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Roth IRA vs Traditional IRA
What's the difference, and which is right for you?
| Roth | Traditional | |
|---|---|---|
| This account could be a good fit if... | You expect to be in a higher tax bracket in retirement. | You expect to be in the same or lower tax bracket in retirement. |
| Tax benefits for contributions | Your contributions grow tax-free, but they are not tax-deductible. | Your contributions grow tax-deferred and may be tax-deductible. |
| Withdrawals in retirement | Funds can be withdrawn tax-free and penalty-free. | The full amount of any withdrawals is taxed as ordinary income. |
| Required minimum distributions (RMDs) | There are no RMDs. | RMDs start at age 73. |
| Early withdrawal penalty (before age 59½) | Contributions can be withdrawn anytime tax- and penalty-free; earnings are subject to taxes and penalties if withdrawn early. | Early withdrawals are subject to taxes and a penalty, with some exceptions |
Frequently asked questions about IRAs
IRA contribution limits are set by the IRS and may change over time. Generally, contribution limits depend on your age and income level. To ensure you're maximizing your savings within the allowed limits, check the latest guidelines from the IRS or speak with a Financial Guide at Solarity Credit Union.
Yes, you can have both a Traditional IRA and a Roth IRA, but your total contributions across both accounts cannot exceed the annual IRS contribution limit.
Your IRA remains in your name, regardless of job changes. If you have a 401(k) from a previous employer, you may choose to roll it over into an IRA to maintain tax advantages and consolidate your retirement savings.
Opening an IRA with Solarity Credit Union is simple. You can start by calling 800.347.9222 or visiting a branch to get personalized guidance on the best retirement savings option for you.
Our members say it best:
Ready to open an IRA?
We make opening your account FAST and EASY! See below for the ways you can get started.
By phone
Give us a call at 800.347.9222. We'll explain your options and help open your new account.
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At a branch
Stop by any of our local branches and speak with one of our helpful branch experts.
See locationsMore ways to save with Solarity
Bonus Savings
Earn a great rate on your entire balance with no maximums and absolutely no monthly service fees.
Here's how it works
Money market accounts
For savvy savers! The more you save, the more you earn with tiered rates and no monthly service fee.
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Share certificate accounts
A stable, secure way to grow your money, especially funds you don't need access to right away.
Lock in a great rate