A Blaze IRA is a Tax-advantaged Way to Save
Every dollar counts when you're saving for retirement. Individual Retirement Accounts (IRAs) allow you to make the most of every dollar by enabling you to save for retirement on either a tax-free or tax-deferred basis. Blaze offers both Traditional and Roth IRAs.
At Blaze, you can invest in your IRA with a Blaze Certificate or Money Market account. We also offer retirement planning services that can help you invest wisely for your future.
Why Choose a Blaze IRA
Tax Benefits
An IRA is a tax-advantaged way to save for retirement.
Traditional contributions may be tax-deductible and withdrawals are taxed. Roth contributions aren’t deductible but qualified withdrawals are tax-free.
Blaze Your Path
Blaze IRAs are available for all wage earners — even if you're already covered by another type of retirement or pension plan.
No matter where you are in your financial journey, an IRA can help you get to your destination.
Absolute Security
Savings are insured up to $250,000 by NCUA. Not a single penny of federally insured savings has ever been lost.
Getting Started
| Feature | Traditional | Roth |
|---|---|---|
| Goals | Tax break now |
Tax-free income later |
| Tax Deductible Contributions | May be tax deductible up to 100% depending on Annual Gross Income and employer-sponsored retirement plan |
Not tax deductible — taxes paid up front |
| Tax Deferment | Earnings grow tax-deferred until withdrawn |
Earnings grow tax-deferred |
| Taxed Withdrawals | Withdrawals are taxed as income |
Withdrawals only taxed if withdrawn before age 59 ½ |
| Required Minimum Distributions (RMDs) | Required for members ages 73 and above |
None |
| Digital Banking | Free access to Blaze Digital Banking and the Blaze CU Mobile app |
Free access to Blaze Digital Banking and the Blaze CU Mobile app |
| Insured Funds | Federally insured up to $250,000 through the NCUA |
Federally insured up to $250,000 through the NCUA |
| Fraud Protection | 24-hour account monitoring and customized account alerts |
24-hour account monitoring and customized account alerts |
Traditional
- Goals
Tax break now
- Tax Deductible Contributions
May be tax deductible up to 100% depending on Annual Gross Income and employer-sponsored retirement plan
- Tax Deferment
Earnings grow tax-deferred until withdrawn
- Taxed Withdrawals
Withdrawals are taxed as income
- Required Minimum Distributions (RMDs)
Required for members ages 73 and above
- Digital Banking
Free access to Blaze Digital Banking and the Blaze CU Mobile app
- Insured Funds
Federally insured up to $250,000 through the NCUA
- Fraud Protection
24-hour account monitoring and customized account alerts
Roth
- Goals
Tax-free income later
- Tax Deductible Contributions
Not tax deductible — taxes paid up front
- Tax Deferment
Earnings grow tax-deferred
- Taxed Withdrawals
Withdrawals only taxed if withdrawn before age 59 ½
- Required Minimum Distributions (RMDs)
None
- Digital Banking
Free access to Blaze Digital Banking and the Blaze CU Mobile app
- Insured Funds
Federally insured up to $250,000 through the NCUA
- Fraud Protection
24-hour account monitoring and customized account alerts
Blaze Credit Union does not provide tax advice. Please consult your tax advisor.
Join Blaze Today
To start, join Blaze by opening a Share Savings account. Your Blaze Share Savings account represents your credit union share in ownership and entitles you to all of Blaze's benefits.
Experience personalized service, useful solutions, the best products and rates, and a credit union that wants to help you accomplish your life goals.
Know Your Options
At Blaze, you can invest in your IRA with a Blaze Certificate or Money Market account. Learn more about your account options.
Add an IRA
Once you're a member, you can add a Blaze IRA by visiting your nearest Blaze branch.
Calculate Your Journey
Use our free, easy-to-use financial calculators to answer common money questions and help you confidently blaze your financial path.
Disclosures
Fees
See current Service Fee Schedule for additional information. Fees may reduce earnings.
