Roth IRAs

Roth IRAs – A Roth Individual Retirement Annuity (IRA) is a retirement savings tool that accumulates money on an after-tax basis. Since the funds have already been taxed, qualified withdrawals made later can be made income tax-free. See your tax advisor for advice about your specific situation and income restrictions.

Benefits of Roth IRAs

  • Guaranteed minimum rate of return
  • Protection from stock market risk
  • Rollover contributions at any age are allowed
  • Automated payments save you time and money
  • Qualified withdrawals are not taxed
  • Maximum annual contributions are $5,500 per year (under age 50)
  • “Catch-up” contributions for those age 50 or over are possible, up to $1,000 per year
  • No upfront service charges, annual fees, or surrender charges after 5 years

How do I buy Roth IRAs?

Income restrictions apply to traditional IRA and Roth IRA plans. Your Catholic United Sales Representative can explain the options and advantages available to you.

Become a member and become something more

Membership in Catholic United Financial starts after you purchase a product from us. Membership means aligning your finances to your faith, and:

  • Making our grants, scholarships and incentive programs possible
  • Encouraging volunteer work and training
  • Fundraising for Catholic parishes, schools and religious education programs
  • Participating in the business decisions of a company that is member-owned and operated
  • Bringing benefits to your local Catholic community

Catholic United IRAs are Individual Retirement Annuities