Knowing the best path for saving for your retirement is vital. Roth vs. Traditional IRA, how do you choose? At Chaco, our job is to help you determine which individual retirement account is right for you and more importantly, help you understand, prepare for and contribute to your savings. 

The IRA Difference.
You can start depositing funds to your IRA account immediately or designate regular contributions right from your paycheck – all with no annual fees. IRA certificates have a $500 minimum balance requirement. The differences between Traditional and Roth IRAs come down to deductions.* Contributions to Traditional IRAs may be tax-deductible, while withdrawals – which themselves carry a few restrictions – are subject to federal income tax. In contrast, Roth IRA contributions are never tax-deductible, but qualified withdrawals are tax-free.


*Please consult a tax advisor.

Our Difference is Simple

When it comes to your financial plan, we understand what you need now and more importantly, what you need tomorrow. We are here to help you get the most out of both. Whether just starting out or preparing to retire, we help you become financially prepared and fully informed. At Chaco, we bring you the same expertise and competitive services as other institutions, but with the compassion and genuine care that can only come from being member-owned and operated. From CDs and savings to mortgages and more, we work to keep things simple when it comes to your finances – so you can focus on your life. And that makes a difference.