Tax-advantaged growthContributions and earnings from a traditional IRA grow tax-deferred until withdrawn at which time they are taxed at your current rate.(If contributions are not tax-deductible, then they can be withdrawn tax-free under a pro-rata rule.) If withdrawals occur before you are age 59 � then you also may be subject to a 10% additional tax.
Contributions may be fully tax-deductible if any of the following apply:
Traditional IRA Tax Deduction GuidelinesTax Deductibility of Traditional IRA Contributions
Tax deductibility of your Traditional IRA contribution is based on several factors:
EligibilityAnyone under age 70½ who has earned income equal to or greater than their IRA contribution amount.
Veritas Federal Credit Union
One Nissan Way
Franklin, TN 37067
PO Box 2659
Smyrna, TN 37167
Main Phone: (615) 786-0452
Member Service: (855) 663-8328
Routing Number: 064182605
VFCU NMLS #409723
Am I Eligible?
VISA CREDIT CARD PAYMENTS www.ezcardinfo.com
- Share Accounts
- ATM/Debit Cards
- Stop Pay Requests
- Wire Transfers
- Direct Deposit
- Convenience Services
Your Savings Federally insured to at least $250,000 and backed
by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Govt. Agency.
We do business in accordance with the Federal Fair
Housing Law and the Equal Credit Opportunity Act.