Retirement Savings
- Home
- Retirement Savings
Take charge of your retirement
An individual retirement account (IRA) is an investment tool that enables you to set aside some of your earnings towards retirement with tax-free growth, or on a tax-deferred basis. Opening an IRA is one of the best decisions you can make since the tax benefits allow your savings to grow, or compound, more quickly than in a taxable account.
Panama CU offers both Traditional and Roth IRAs, which offer different tax advantages. To provide even more flexibility, we also offer a Savings IRA, IRA Certificates of Deposit, and investment IRAs through our investments team.
Please consult your tax and legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.
Need help with retirement planning?
Talk to our team
Our team is committed to help you reach your financial and retirement goals. Contact us today to learn more about our full range of products and services, including our IRA options.
Savings IRA
A tax-free, or tax-deferred, way to save for retirement that can be funded with savings, money markets, or CD accounts.
IRA CD
A certificate of deposit that offers a secure way to invest a portion of your tax-advantaged Panama CU IRA funds. 2
Take advantage of potential tax breaks
Save money on a tax-deferred basis, or with tax-free growth
Manage your money on the go
- Transfer money between accounts
- Deposit checks directly from your mobile device
- Pay bills
- Access your account statements from anywhere, at anytime
- Track spending and create budgets
- Create custom alerts to stay on top of your finances
Wallet Integrations
Pay with your mobile device. Panama CU Mobile Pay allows you to make payments with just a wave of your phone.
