Security Service Roth Individual Retirement Account (IRA)
This type of individual retirement account might be a good choice for someone who expects to be in a higher income tax bracket in retirement, since taxes are deducted before contribution with Roth IRAs, rather than at the time of distribution.
Choosing to build your retirement savings with a Roth IRA means you pay taxes on your contributions up front by using after-tax dollars. This means you'll pay no taxes when you take distributions, which you may begin to take penalty-free distributions at the age of 59½.
Penalty-free Roth Distribution Requirements:
- The member is age 59 ½ or older
- The distribution will be considered as “penalty-free” once the five-year waiting period has been met.
Already have an IRA?
If you need to make a change or transfer an IRA, click on the appropriate form below.
- Start a new Roth IRA :
If you have recently retired or need to move a 401k account, use this form.
IRA Direct Transfer Instructions :
IRA Direct Transfer Instructions
- Roth IRA Withdraw :
Use this form to withdraw funds from your Roth IRA
- Roth IRA Contribution :
Use this form to add funds to your Roth IRA
- For additional details, refer to All About Your Security Service Consumer Accounts, Truth in Savings Disclosure, Mastercard Guide to Benefits for Debit Card Holders and Fee Schedule for Consumer Accounts.