Individual Retirement Accounts

Gulf Winds currently offers two different ways to invest for your retirement with Individual Retirement Accounts (IRA): a Share IRA and a Certificate of Deposit IRA.

• The Share IRA has no minimum balance or term requirement.
• The Certificate of Deposit IRA requires a minimum balance of $500. The interest rate is fixed at purchase and will remain in effect until maturity date.

Gulf Winds offers two types of IRAs—Traditional IRA and Roth IRA. Determine which of these may be best for you and then stop in or call about opening an IRA for your future investment needs.

Traditional IRA

Traditional IRAs are the perfect tool to help you prepare for retirement. Choose a Traditional IRA if you want the tax deduction right now. Traditional IRAs also make sense if you anticipate paying taxes at a significantly lower rate in retirement.

• Available in a savings or certificate account
• Tax-deductible (consult your tax advisor)
• Federally insured by the NCUA up to $250,000

Roth IRA

Roth IRAs are also great for retirement. Choose a Roth IRA if you don't need the tax break right now and would like a more flexible investment.

• You can withdraw regular contributions at any time, tax and penalty free
• You do not have to take mandatory distributions at age 70½
• Available in a savings or certificate account
• Federally insured by the NCUA up to $250,000

Start saving for your retirement today!

Call us at 850.479.9601 or visit one of our ten convenient branch locations.