Tax-Advantaged Accounts

Brewery can help set you up for the future by saving for retirement early! Stop in to talk to us today at any branch location.

Are you looking for a way to save for retirement and see some great tax advantages?* An Individual Retirement Account might be what you’re looking for. Need to save for your child’s future education? A Coverdell IRA maybe the IRA product for you. Brewery Credit Union offers an IRA plan that can meet your goals.

TRADITIONAL IRA

Contributions may be tax deductible and earnings are tax deferred*.

ROTH IRA

Contributions are not tax deductible, but your earnings are generally tax-free and stay tax-free even when you withdraw them*.

COVERDELL IRA

This is a form of a college savings account, and you may recognize its former name, the Education IRA. Contributions are not tax deductible* and distributions remain tax-free as long as they’re used for qualified education expenses.

HSAs

A type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to lower your out-of-pocket health care costs.

*Always talk to your tax advisor to help you determine the IRA that is right for you.

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