Henrico FCU Digital Banking and Voice Banking will be intermittently unavailable from approximately 12:00 AM until 9:00 AM Sunday, December 5, 2021, for system upgrades in an effort to better serve you.

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Digital Banking

Prepare for the Retirement

Retirement should be the happiest time of your life. We want to help you prepare financially. It is never too early to begin saving for retirement. Henrico FCU offers Individual Retirement Account (IRA) savings accounts to help you plan for the future.  Contact us to learn more about your retirement options. 

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Roth IRA or Traditional IRA?

 
 

Roth IRA

Tax Break Later
The money you deposit has already
been taxed.

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Traditional IRA

Tax Break Now
You get your tax break upfront and
only pay taxes when you withdraw it.


Roth IRA

Make Contributions after 70 1/2
If you are still working, you may continue
to make contributions after the age of 70.

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Traditional IRA

No Contributions after 70 1/2
You are no longer allowed to make
contributions after the age of 70 1/2.


Roth IRA

Withdraw Contributions
While you can withdraw your contributions, your earnings are subject to a penalty if withdrawn before age 59 1/2.

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Traditional IRA

Withdraw Contributions
Withdrawals are subject to a
10% penalty until the age of 59 1/2.