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Open a Roth IRA Today!

America First's Roth IRA may be for you if you'd prefer to pay taxes on your retirement now instead of later. Your options include opening a Roth IRA Accumulator, with no minimum deposit required; a Roth IRA Certificate with a $500 minimum deposit; and/or a Roth Dedicated Savings Account with no minimum deposit and an automatic transfer of at least $10 per month.

Benefits of Roth IRAs:


  • Accrue Tax-free earnings if you meet certain conditions
  • Deposit money after taxes
  • Withdraw the entire amount tax-free after five years if:
  • You are 59½ or older, or
  • You are a first-time home buyer, or
  • You are disabled, or
  • You are a beneficiary of the deceased owner.


The following chart demonstrates the additional benefits of a Roth IRA:

Years in IRA 5 10 15 20

Roth IRA

Total available for tax-free withdrawals after age 59½:





Traditional IRA

Total available after tax if tax rate becomes one of the following at retirement:

If tax rate drops to 15%





If tax rate stays at 28%





If tax rate rises to 31%





If tax rate rises to 36%





If tax rate rises to 39.6%





* Based on contributions of $2,000 at the beginning of the year for 5, 10, 15, or 20 years with earnings compounded annually. Assumes proceeds are withdrawn without penalty at year-end.

Traditional IRA figures assume you are in the 28% tax bracket when the contributions are made and shows how much is available after tax if your tax rate drops, holds steady, or rises. Traditional IRA balances assume the annual tax savings were reinvested in a taxable account and combined with the IRA balance upon withdrawal.

Source: Deloitte and Touche

Choosing the Right IRA

Which IRA is right for you? Review the chart below to see whether the Traditional or the Roth IRA will benefit you most.

Roth IRA* Traditional IRA*
* Subject to IRS provisions. Please consult your tax advisor. Source: CUNA Brokerage Services, Inc.

Tax-deductible contributions?



Deductible contributions could be phased out as adjusted gross income increases.

Earnings grow tax-deferred?

Yes. Possibly tax-free.


Tax-free withdrawal*?



Maximum annual contribution for IRAs?


  • $6,000 for individuals under age 50
  • $7,000 for individuals age 50 or older


  • $6,000 for individuals under age 50
  • $7,000 for individuals age 50 or older

Required minimum distribution rules?



Contribution allowed after age 72?

Yes, while you receive earned income.

Yes, while you receive earned income.

Determine your Own Tax Schedule

A Roth IRA might be right for you.