IRA

IRA

An Individual Retirement Account (IRA) is a great way to save for your future. Increase your retirement savings and take advantage of tax benefits. We offer both our Roth and Traditional IRAs.

Traditional IRAs give you tax-deferred growth and possible tax deductibility now, while Roth IRAs offer tax-free growth, meaning no taxes at all later on.

Program features

  • No-load mutual funds
  • Prudential Guaranteed Investment with competitive returns
  • Financial counseling for participants
  • Internet and telephone account access 24/7
  • No fees to open or close an account
  • No fees for account changes
  • Low annual administrative fees (0.45%), annual fee cap of $600 for WEAC members, $750 for non-members*
  • No commissions paid to Member Benefits staff
  • Convenient automatic contributions through ETF or payroll deduction (available in 150 schools)

*Minimum annual fee of $25 for inactive accounts. Inactive accounts are accounts with no contributions within a calendar year.

 

Got $25 and 5 minutes? Then you can start saving for retirement with WEA Member Benefits.

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ECU

  • Investment fund comparisons
  • Retirement account comparison
  • Glossary of financial terms
  • IRA FAQ
  • Beneficiary Change Request
  • IRA Contribution Form
  • IRA Contribution Change (SmartPlan)