The retirement nest egg that won't crack on you.
Looking to maximize your current income or planning for your future? Bethpage IRA Certificates offer a safe and reliable solution to risky investments.
- Traditional or Roth IRAs
- Open your IRA Certificate Account with as little as $50
- Rollover your existing IRA or 401(k) from a previous employer
- Guaranteed returns for the term of the certificate and federally insured by NCUA.
Opening a Bethpage IRA Certificate Account is simple.
We are here to help answer general questions regarding Bethpage IRA Certificate Accounts. We encourage you to consult with a financial advisor or tax professional for guidance.
Please schedule a video, phone, or in-person appointment by clicking the button below:
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Which is the right IRA for me?
| FAQs | Traditional IRA | Roth IRA |
|---|---|---|
| Do I qualify? | Yes. If you or your spouse (filing-jointly) earns taxable income, regardless of age. | Yes. If you or your spouse (filing-jointly) earns taxable income, regardless of age. |
| Are there income limits? | No limits. | The limits are based on income and tax filing status. We encourage you to consult with a financial advisor or tax professional for guidance. |
| Can I have a 401(k) at the same time? | Yes. | Yes. |
| How much can I contribute? | $6,500 to both accounts combined. $7,500 if 50 and over. [1] | |
| Are contributions tax deductible?* | Yes. [2] | No. [2] |
| What if I want to make withdrawals? [2] | Withdrawals after age 59 ½ are taxed as regular income. Withdrawals before 59 ½ may be subject to taxes and an IRS penalty. |
Withdrawals after age 59 ½ are tax free as long as the account is at least 5 years old. Withdrawals before 59 ½ may be subject to taxes and an IRS penalty. |
| Do I have to take distributions? | You must take distributions after age 73. | No withdrawal requirements. |
[1] Catch-up contribution eligibility begins on January 1 of the calendar year of contributor's 50th birthday.
[2] Bethpage representatives are not licensed tax accountants and cannot give advice on or answer questions relating to IRA tax filings. Please seek a professional tax advisor if you have questions relating to how IRA transactions can affect your taxes.
Plan now for the future.
Contact us today to get started.