Routing Number 325181248
With best-in-class rates and a variety of everyday banking products, Gesa has the right account, card, or loan for you.
Up to 5.00% APY
On select checking accounts!
Gesa has the accounts, products, and services to help you and your small business succeed.
Business Visa:
A low-rate card made for business owners.
Gesa credit union is committed to making a positive impact in the communities we serve.
Affinity debit cards give back to your community when you swipe.
Gesa makes banking as easy, convenient and secure as possible.
An individual retirement arrangement (IRA) can help you save for retirement with either tax deferred or tax-free growth of any earnings.
There are two main types of IRAs – Traditional or Roth. You can choose one or both depending on your tax situation and income. If you have just changed jobs or recently retired, you can roll your money into a Traditional IRA or Roth IRA. Gesa can help you take control of your retirement assets and preserve your tax advantages.
A Gesa representative can show you options available for your financial future.
Comparison | Traditional IRA | Roth IRA |
Earnings | Earnings are tax-deferred until withdrawn (IRS early withdrawal penalties may apply if you are under age 59 1/2). | Earnings are tax-deferred and tax-free upon withdrawal if certain requirements are met. |
Contributions | You may no longer make contributions for the year in which you reach age 70 1/2; or in later years. | You may contribute as long as you have earned income for the tax year in which you designate your contribution and your MAGI* does not exceed certain limits. *modified adjusted gross income |
Deductibility | Contributions may be tax-deductible based on income levels & tax filing status. | Contributions are not tax-deductible. |
Income requirements: For Contributions | No income limit to make contributions; however, you must have earned income to contribute. | Your modified adjusted gross income must be below certain limits depending on your tax filing status. |
Distributions | Distributions are required beginning at age 70 1/2. | You are not required to take mandatory distributions at any age during your lifetime. Beneficiaries are subject to minimum distributions rules, but may not have to take a distribution in a specific year. |
Anyone can convert their Traditional IRA, or rollover eligible employer retirement plans, to a Roth IRA.
The decision to convert your Traditional IRA or rollover your eligible employer retirement plan to a Roth IRA is a complex one. Below are some key factors that can help you determine whether you would be a good candidate. For additional help, please contact your financial advisor or find a financial advisor near you.
Conversion to a Roth IRA may be appropriate if: | Leaving assets in a traditional IRA or employer plan may be appropriate if: |
|
|
We use cookies on this site to enhance your user experience. For more information, please see our Privacy Policy.
If you are using a screen reader or other auxiliary aid and are having problems using this website, please call (888) 946-4372 for assistance.
You are being redirected to a site that is not operated by Gesa Credit Union. Gesa is not responsible for the content of the site, nor does Gesa represent the site or the Gesa member if the member decides to act upon or enter into a transaction with the site.
Privacy and security policies of the site may differ from those of Gesa Credit Union.
Gesa makes banking as easy, convenient and secure as possible.
Gesa credit union is committed to making a positive impact in the communities we serve.
Affinity debit cards give back to your community when you swipe.
Gesa has the accounts, products, and services to help you and your small business succeed.
Business Visa:
A low-rate card made for business owners.
With best-in-class rates and a variety of everyday banking products, Gesa has the right account, card, or loan for you.
Up to 5.00% APY
On select checking accounts!
Routing Number 325181248