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Who can contribute to a Traditional IRA?

There are three ways to be eligible to contribute to a Traditional IRA:

  • Anyone under age 70½ who has income from compensation
  • Anyone under age 70½ who is filing jointly with a spouse who earns compensation.
  • Anyone who has received a distribution from a qualified retirement plan and decides to move the proceeds of the plan into an IRA.

Fraud Alert About an Unauthorized Transaction: Members are receiving fake texts claiming to be from our Fraud Department about an unauthorized transaction. If you respond, scammers may call asking for personal information. We will never ask for your card number, PIN, or online banking credentials by text or phone. Phone numbers can be spoofed. If contacted, do not share information — hang up and call the number on the back of your debit card to verify.