Savings That Get Better With Age.

Retirement & IRA Savings

Retirement looks different for everyone. The timeline, the goals, the gap between where you are and where you want to be. AllCom makes it easier to close that gap with Individual Retirement Accounts that are simple to open, easy to understand, and built to grow alongside you.

Saving for your golden years? We’ve got your back.

Compare Options

Two smart ways to save. No fees on either.

IRA Share Account

Start anytime, at any amount

No fees, no minimum balance
Dividends earned on your balance
Available as Traditional, Roth, or Educational IRA
Maximum flexibility for ongoing contributions
Fully insured through NCUA + MSIC

IRA Certificates

Lock in a guaranteed rate

Competitive fixed rates for 6-month to 5-year terms
Guaranteed growth — no market exposure
Available as Traditional or Roth IRA
A great option for savings you won't need to touch for a while
Fully insured through NCUA + MSIC

Open An Account

Expert Advice, On Call

Need personalized service from actually helpful people?

Not sure which account is right for you? We get it: Retirement planning has a lot of moving parts. Our Financial Services Representatives can walk you through your options clearly, help you decide between a Traditional and Roth, and make sure you leave with a plan—not more confusion. (Or hold music.)

Planning For a Child's Education, Too?

An Educational IRA (Coverdell ESA) at AllCom gives you a tax-advantaged way to save for education expenses—from K-12 through college. No fees, no minimum balance. One more goal, one more way we can help.

Account Disclosure

Wondering what information AllCom will need from you before opening your Retirement / IRA account? Click for a quick breakdown of our new account procedures.

Educational Resources

Traditional or Roth IRA? We’ll Break It Down.

The difference between a Traditional and Roth IRA comes down to when you pay taxes on your money…

Frequently Asked Questions

These great questions never get old.

What types of IRA accounts does AllCom offer?

Three types: Traditional IRA, Roth IRA, and Educational IRA (also called a Coverdell ESA, for education savings). Within each, you can hold a Share IRA (a liquid savings account) or an IRA Certificate (a fixed-rate certificate inside the IRA). No monthly fees, no minimum balance on the IRA Share account.

Traditional IRA or Roth IRA: Which is right for me?

It mostly comes down to when you want to pay taxes. With a Traditional IRA, your contributions may be tax-deductible now, and you pay taxes when you withdraw in retirement. With a Roth, you pay taxes on contributions now, but qualified withdrawals in retirement—including all the growth—come out tax-free. If you expect your tax rate to be lower in retirement, Traditional often makes sense. If you expect it to be the same or higher, Roth usually wins. We recommend talking to a tax professional for advice specific to your situation, and we’re happy to walk you through the AllCom options.

How much can I contribute to an IRA each year?

The IRS sets contribution limits, and they can change year to year. As of 2024, the limit is $7,000 per year ($8,000 if you’re 50 or older). Check with a tax professional or irs.gov for the current limits before contributing.

Am I eligible—and does it matter how much I make?

For a Traditional IRA, almost anyone with earned income can contribute, though the tax-deductibility of your contributions depends on your income and whether you have an employer retirement plan. For a Roth IRA, there are income limits that reduce or eliminate eligibility for higher earners. This is worth a quick conversation with a tax professional, and we’re glad to help you figure out which account to open once you know where you land.

Can I roll over a 401(k) or existing IRA into an AllCom account?

Yes! A 401K or an existing IRA can be rolled over into a new IRA at AllCom; give us a call to learn how to start and go over what documentation you will need.

What investment options are available inside an IRA?

AllCom IRA accounts are deposit-based. You can hold an IRA Share Account (which earns dividends like a savings account) or an IRA Certificate (which locks in a fixed rate for a set term). These are guaranteed, insured accounts, not market-based investments. If you’re looking for stock market or mutual fund exposure inside an IRA, that’s outside what AllCom offers directly, you’d want to talk with a financial advisor.

When can I start withdrawing from my IRA without penalty?

Generally at age 59½. Before that, early withdrawals typically come with a 10% federal penalty and taxes (with some exceptions). Required minimum distributions kick in at age 73 for Traditional IRAs. Roth IRAs don’t require distributions during your lifetime, which is one of their advantages. Tax rules are specific to your situation; we’d recommend verifying with a tax professional.

What happens if I need to withdraw early?

Early withdrawals (before age 59½) from a Traditional IRA are generally subject to income taxes plus a 10% penalty. Roth IRA withdrawals are a little more nuanced; you can withdraw your contributions (not the earnings) at any time without penalty.

Are my IRA funds insured?

Yes. IRA deposits at AllCom are insured in full through NCUA federal insurance and MSIC (Massachusetts Credit Union Share Insurance Corporation). Your retirement savings are protected.

Can someone at AllCom actually help me figure out the right move for my situation?

Yes. Call us at 508.754.9980 and ask to speak with a Financial Services Representative. We can walk you through the AllCom IRA options, explain the differences, and help you decide which account makes sense.

You are now leaving AllCom Credit Union

AllCom Credit Union provides links to web sites of other organizations in order to provide visitors with certain information. A link does not constitute an endorsement of content, viewpoint, policies, products or services of that web site. Once you link to another web site not maintained by AllCom Credit Union, you are subject to the terms and conditions of that web site, including but not limited to its privacy policy.

You will be redirected to

Click the link above to continue or CANCEL