Make every cent you earn count and create a productive retirement plan. Traditional IRA’s offer tax-deferred earnings and the possibility for tax-deductible contributions. This means you’re not taxed until these earnings are withdrawn. The ability to defer taxes and withdraw in a year when you may be in a lower tax bracket can mean more after-tax dollars in retirement.

Which is right for you? 

Learn more about Traditional IRAs

Learn more about Traditional and Roth IRAs

• Roth & Traditional IRAs: Depending on your MAGI limit (your adjusted gross income before an IRA deduction), you may be able to contribute up to $7,000 for 2025 ($7,500 for 2026) for those under age 50, or $8,000 for 2025 ($8,600 for 2026) if you are age 50 or older.
• Contributions cannot exceed your annual compensation.

* Zeal Credit Union is not licensed to offer tax advice. Please consult a tax advisor about your specific situation, or for information on any tax incentives you may be eligible for.

Want to boost your retirement savings? A Roth IRA can do just that. Although contributions to a Roth IRA are not tax deductible, earnings can be withdrawn tax-free, along with the money you contribute to the Roth IRA. To take advantage of these generous incentives, you must conform to certain tax requirements to get the tax-free advantage.

Learn more about Roth IRAs

• Roth & Traditional IRAs: Depending on your MAGI limit (your adjusted gross income before an IRA deduction), you may be able to contribute up to $7,000 for 2025 ($7,500 for 2026) for those under age 50, or $8,000 for 2025 ($8,600 for 2026) if you are age 50 or older.
• Contributions cannot exceed your annual compensation.

* Zeal Credit Union is not licensed to offer tax advice. Please consult a tax advisor about your specific situation, or for information on any tax incentives you may be eligible for.

Whether college is two years away or ten, make saving for tuition a little easier. A Coverdell ESA is an Educational IRA designed to help you pay for your child’s educational expenses. Although your contributions aren’t tax deductible, this IRA offers you the potential for tax-free withdrawals, including earnings. We give it an A.

Learn more about Coverdell ESAs

• Depending on your income, you may be able to contribute up to $2,000 per child. However, each child may receive no more than $2,000 per year in ESA contributions. Thus, if more than one person makes ESA contributions for the same child, they will need to coordinate to ensure the child’s total does not exceed $2,000 in one year.
• Anyone (family or nonfamily members) can contribute to a child’s ESA, as long as their modified adjusted gross income (MAGI) is less than or within the applicable IRS limits: Single filer ($95,000 – $110,000), Married or Joint filers ($190,000 – $220,000).

* Zeal Credit Union is not licensed to offer tax advice. Please consult a tax advisor about your specific situation, or for information on any tax incentives you may be eligible for.

If your business is small, your retirement plan doesn’t have to be. A SEP IRA (Simplified Employee Pension) is a retirement plan popular with many small business owners and self-employed individuals. A SEP IRA plan provides business owners with a simplified method to contribute toward their employees’ retirement as well as their own retirement savings. Contributions are made to an Individual Retirement Account set up for each plan participant.

Learn more about SEP, SIMPLE IRA, and Individual(k)™ Plans

•  Employer contributions to SEP plans have an annual contribution limit per employee that is the lesser of two options:
  • 25% of the employee’s compensation (up to a defined compensation cap)
  • or $70,000 for 2025 ($72,000 for 2026)
• For SIMPLE IRAs, employees may defer on a pretax basis up to $16,500 for 2025 and $17,000 for 2026. If the employee is age 50 or older, an additional $3,500 (2025) and $4,000 (2026) can be contributed as well.
  • Beginning in 2025, the maximum catch-up contribution is $5,250 (indexed) for individuals age 60-63.
• For Individual(k) Plans, total contributions for one participant cannot exceed 100% of compensation or $70,000 for 2025 ($72,000 for 2026), whichever is less.
  • Catch-up contributions can increase this limit. Starting 2025, the maximum catch-up contribution limit is $11,250 (indexed) for individuals age 60-63.

* Zeal Credit Union is not licensed to offer tax advice. Please consult a tax advisor about your specific situation, or for information on any tax incentives you may be eligible for.

Do you have money sitting in a 401k or retirement account from a past employer? Move it over to an IRA Certificate of Deposit (CD) and earn a higher interest rate than if the funds were just sitting in a savings account. Plus, you’ll get the additional NCUA coverage on your IRA funds, giving you the extra peace of mind that your CD funds are secure.

Visit your local branch and ask a Zeal financial representative for more information on IRA CDs today!

* All IRA Certificates have a minimum $500 opening balance except a 30 month which has a $100 minimum balance. Penalty for early withdrawal. Rates subject to change at any time – visit ZealCU.org/rates/ to learn more. Deposits and withdrawals are not allowed during the term of the certificate but can be made upon maturity of the CD. You may be able to make partial withdrawals from your IRA CD without a penalty if over retirement age – see a Zeal team member for more information.