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Chartway will NEVER contact you directly and ask for specific confidential information (login credentials, PIN, card number, etc.). Be aware of fraudulent text and phone scams and take extra precaution. If you are contacted unprompted, please call us at (800) 678-8765. We are here to help keep your accounts safe.

Individual Retirement Accounts (IRAs)


Enjoy a Brighter Retirement

Looking forward to retiring one day? Maybe it's closer than you think. Chartway can help you discover retirement savings options that help you prepare for your retirement years.  We’ll work with you to see how an IRA Certificate,  a Traditional IRA, or a Roth IRA fits into your retirement plan. Ask us about our administrative fees for IRAs. (Spoiler: there aren’t any.)

Traditional IRA

A traditional IRA provides tax advantages now and in the future. With a traditional IRA, you save for retirement with tax-deferred earnings and the possibility of tax-deductible contributions.  When you reach age 72, you will need to start taking a Required Minimum Distribution (RMD). Certain situations allow for penalty-free withdrawals, for example, first-time homebuyer expenses, qualified higher education expenses, certain unreimbursed medical expenses and more.  

Roth IRA

A Roth IRA may offer you some tax benefits depending on your situation.  With a Roth IRA, you can deposit funds with after-tax income and enjoy tax-deferred earnings, which usually means no taxes on withdrawals. Also, you can make contributions at any age and keep the IRA open as long as you like. Plus, there are no required minimum withdrawal (RMD) like there are with a traditional IRA.  

IRA Certificates

When you open a share certificate as an IRA, you can take advantage of tax-deferred savings. Unlike other IRA investments, there are no administrative fees, so all your money stays yours.