Get more from your money, now and later.

Individual Retirement Accounts

Check Rates Schedule Appointment

No Maintenance Fees

Keep your money in your pocket.

Compound Your Money Faster

With dividends posted monthly, you have a better opportunity for growing your money faster.

Build Your IRA Easier

With recurring automated deposits, build your IRA easier and faster.

Multiple Options

Available to meet a broad range of tax advantages and your saving needs.

Are there any eligibility requirements to open an IRA?

There are a few requirements when it comes to opening, contributing, and withdrawing from an IRA. To open an IRA, you must first have earned income, and you may not contribute more than you earn within that year to your IRA.

There are also contribution limits for each calendar year for both Traditional and Roth IRAs. The maximum 2024 yearly contribution for IRAs is $7,000 for those under age 50 and $8,000 for those age 50 and older.

You may begin to withdraw funds from your IRA once you reach age 59.5 or older (you can withdraw before 59.5 but you may be subject to an IRS penalty). Once you're 72, you are required to begin withdrawing these funds.

What IRA options does Truliant offer, and how do they differ?

Truliant IRAs

There are multiple IRA options available with a broad range of tax advantages. Primarily, most IRAs are one of two types: Roth and Traditional. The biggest difference between these two types of accounts boils down to how and when you get a tax break. A traditional IRA features tax-deductible contributions, but your withdrawals are taxed. A Roth IRA’s contributions are made after tax, so your withdrawals in retirement are not taxed.

Additionally, Truliant offers a Simplified Employee Pension (SEP) Plan, a tax-deferred retirement plan for self-employed individuals and small business owners.

The Coverdell Savings is an IRA account designed to help you fund your child’s education while providing you with a tax-deferred chance to grow your money.

We encourage you to speak with your tax professional for the latest information regarding the tax benefit of contributions and distributions.

Other IRAs

Truliant also offers alternative options to help you save. With an IRA Savings Account, we’ve waived the minimum balance requirement to allow all of our members greater access. You can open an IRA Select Money Market starting at $1,000. You can open an IRA Certificate with as little as $250. Additionally, you can meet with Truliant Financial Advisors¹ available through LPL Financial to review other investment vehicles, like stocks, bonds, mutual funds, annuities and more.

Can Truliant help with IRA rollovers?

When you have multiple IRAs, you may want to roll some of these over into a single account which can then, in turn, be diversified. By rolling over your accounts with Truliant, you may be able to:

Save money on annual fees
Find opportunities to allocate, diversify, and rebalance your portfolio
Simplify required minimum distributions
Receive one easy consolidated statement

Schedule an appointment today to learn more about IRA rollovers with Truliant.

IRA Calculators

Advantages of IRAs

When you're wanting to grow your money, there are a lot of options to consider. With an IRA, there are more advantages than simply investing in your money. In fact, there are a number of lesser-known features that make IRAs a great choice for investing in the future.

Deposit Tools and Resources

Related Topics

Differences Between an IRA and 401K

What to Do With Your 401k When You Change Jobs

Certificates

High Yield Savings Account

(1) Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed afﬁliates. Truliant Federal Credit Union and Truliant Financial Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Truliant Financial Advisors, and may also be employees of Truliant Federal Credit Union. These products and services are being offered through LPL or its afﬁliates, which are separate entities from, and not afﬁliates of, Truliant Federal Credit Union or Truliant Financial Advisors. Securities and Insurance offered
through LPL or Its afﬁliates are:

Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value

Truliant Financial Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.

The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state

We are proud to offer fewer fees at a lower cost compared to many other financial institutions. Below are our current fees for SafeSpend Banking:


General Charges
Fee Type	Fee Amount
Monthly maintenance	$5.00 Waived with any of the following: 1) Monthly Total Deposits ≥ $250, or 2) 23 or younger
Official check, payable to third party	$5.00/check
Wire transfer (incoming)	$10.00 (Domestic / International)
Wire transfer (outgoing)	$25.00 (Domestic) $35.00 (International)

For a comprehensive listing of account-related fees, special service fees, and additional details, log in to online or mobile banking to view our Deposit Account Agreement or Business Deposit Account Agreement.

We are proud to offer fewer fees at a lower cost compared to many other financial institutions. Below are our current fees for Reserve Plus Banking:


General Charges
Fee Type	Fee Amount
Monthly maintenance	$25.00 Waived with any of the following: 1) Average Monthly Deposit Relationship ≥ $25,000, or 2) Average Monthly Truliant Financial Advisors Investment ≥ $50,000
Order checks	Standard Truliant Checks are free
Wire transfer (outgoing)	$25.00 Domestic, $35.00 International (incoming wires are free)
Overdraft Charges
Fee Type	Fee Amount
Balance Backup* and Balance Backup+** overdraft protection	$28.00/transaction (limit of six service charges per day) - 1 fee waiver per calendar year
Deposit account overdraft protection transfer service charge	$3.00 (limit once daily)
Line of credit overdraft protection transfer service charge	$3.00 (limit once daily)

*Balance Backup service charge occurs anytime we cover overdrafts caused by check, recurring transaction, or other transaction made using checking account or debit card number.

**Balance Backup+ service charge occurs anytime we cover overdrafts caused by debit card or ATM transactions.

We are proud to offer fewer fees at a lower cost compared to many other financial institutions. Below are our current fees for Essentials Plus Banking:


General Charges
Fee Type	Fee Amount
Monthly maintenance	$7.50 Waived with any of the following: 1) Monthly Direct Deposit ≥ $500, or 2) Average Monthly Checking Balance ≥ $1,500, or 3) Average Monthly Deposit Relationship ≥ $5,000
Order checks	Standard Truliant Checks = $10.00
Official check, payable to third party	$5.00/check
Wire transfer (incoming)	$10.00 Domestic or International
Wire transfer (outgoing)	$25.00 Domestic, $35.00 International
Overdraft Charges
Fee Type	Fee Amount
Balance Backup* and Balance Backup+** overdraft protection	$28.00/transaction (limit of six service charges per day) - 1 fee waiver per calendar year
Deposit account overdraft protection transfer service charge	$3.00 (limit once daily)
Line of credit overdraft protection transfer service charge	$3.00 (limit once daily)

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