Lower Your Taxes Today While Saving for Retirement
A Traditional IRA from Meriwest helps you reduce taxable income now—while your savings grow tax-deferred for the future.
- Schedule a consultation with one of our Meriwest Wealth Advisors
- See our Rates
Why Choose a Traditional IRA?
A Traditional IRA allows you to contribute pre-tax income—potentially reducing your taxable income today—while your investments grow tax-deferred until retirement.
Key Benefits
- Save on Taxes Today: Contributions may be tax-deductible depending on your income and situation.
- Tax-Deferred Growth: Your earnings grow without being taxed year after year.
- Flexible Contributions: Contribute based on your earned income—even if you have other plans at work.
- Catch-Up Contributions: Age 50+? Add extra to accelerate your retirement savings.
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Learn about the 2025 and 2026 MAGI phase-out ranges are listed below:
The 2025 and 2026 MAGI phase-out ranges are listed below:
Filing Status 2025 MAGI 2026 MAGI Single, head of household or married filing separately (if you didn't live with spouse during year) $81,000-$91,000 $81,000-$91,000 Married, filing jointly or qualifying widow(er) $129,000-$149,000 $129,000-$149,000 Non-Active Participants Married to an Active Participant $242,000-$252,000 $242,000-$252,000 Married, filing separately (if you lived with spouse at any time during year) $0-$10,000 $0-$10,000 -
View Rates and more Inforamtion
- View current IRA certificate rates
- View current IRA savings rates
- Schedule an Appointment with an Advisor
For complete information regarding IRA's, view the www.irs.gov website Earn an even higher dividend rate by investing in an IRA certificate!
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How a Traditional IRA Works
How a Traditional IRA Works
- Contribute pre-tax income (if eligible)
- Reduce your taxable income today
- Your money grows tax-deferred
- Pay taxes when you withdraw in retirement
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How Traditional IRA & Roth IRA Accounts Insured
Traditional IRA and Roth IRA accounts are insured separately up to $250,000 from other accounts that are maintained in Meriwest Credit Union. View NCUA's Your Insured Funds brochure for detailed share insurance information.
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How to Open an IRA
To open an IRA account or get more information, call (877) 637-4937 or visit one of our Meriwest Financial Centers.
You can discover more options by calling a Meriwest Wealth Advisor directly at 408-866-1002.
Please consult your tax advisor regarding your individual situation.
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Calculate Your Savings
Your actual rate, payment, and costs could be higher. Get an official estimate before choosing a loan. Loan and Interest calculators are for estimation purposes only.
People Usually Ask:
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What happens to my Traditional IRA if I die?
Your beneficiaries will be notified and funds will be distributed accordingly.
Move toward a healthy financial future
Meriwest Wealth Advisors offer a complete array of financial investment options and personalized financial planning designed for your specific personal needs. Explore all of the traditional financial investments including stocks, bonds, mutual funds, as well as private placements.
Learn more on our Wealth and Investment Services page or speak with a registered representative at (408) 866-1002.
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What is a Traditional IRA?
A Traditional IRA is a retirement account that may allow you to deduct contributions from your taxable income and grow savings tax-deferred.
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How much can I contribute to a Traditional IRA?
For 2026, you can contribute up to $7,500, or $8,600 if you’re 50 or older.
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Are contributions tax-deductible in a traditional IRA?
They may be, depending on your income, filing status, and employer retirement plan participation.
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When do I pay taxes for my traditional IRA?
You pay taxes when you withdraw funds in retirement.
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When can I withdraw funds from my traditional IRA?
Withdrawals before age 59½ may incur taxes and a 10% penalty in most cases.
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Is my IRA insured?
Yes—Traditional IRA accounts are federally insured up to $250,000.