Traditional, Roth or SEP, an individual retirement account can provide an Alliant member tax-deferred or tax-free growth.
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No matter which type of IRA you select, you reduce your taxes and keep more of your money.
Traditional IRA accounts are a special type of savings vehicle that allow your earnings to grow tax-deferred, meaning you only pay tax when you make a withdrawal.73
Roth IRA accounts are a special type of savings vehicle that allow your earnings to grow tax-free, meaning you already paid taxes before contributing to a Roth IRA.73
SEP stands for “simplified employee pension.” SEP IRAs, like traditional IRAs, allow your earnings to grow tax deferred. Consider if you are self-employed or are a small business owner.73
Members typically fund an IRA by transferring earned job income held in a checking or savings account, or rolling over another retirement account.
For members with a shorter time horizon or wanting to protect their funds from market risks, Alliant offers a great savings rate for members who want to grow their money but still have easy access to it.
Federally insured by the NCUA.13
For market-risk-averse members planning on a longer horizon for letting their nest egg grow, we offer outstanding rates with terms for 12 to 60 months, or as short as 3 months for a Roth IRA.
Federally insured by NCUA.13
Alliant Credit Union’s interest rates are consistently among the best in the country.
Only Alliant members can open an Alliant IRA and take advantage of our rates. Join today.
Alliant IRAs feature no minimum deposit, no maintenance fee and no fee to transfer in and out of Alliant.
Plus, rest easy knowing Alliant partners with experts to confirm we continue to meet federal regulations for contributions and withdrawals.
An easy online application is just the beginning: Our award-winning mobile app and online banking let you monitor your IRA anytime, anywhere, and make transferring funds easy when the time comes.
Consider if: You would like to reduce your taxable income now, and you don’t plan on making withdrawals until retirement when you think you’ll be in lower tax bracket.16
Contributions: Tax deductible based on your income. You can invest up to $7,000 per year for 2025 and up to $7,500 per year for 2026 (or if you're 50 or older, up to $7,500 for 2025 and up to $8,600 for 2026).73
Withdrawals: You are eligible for penalty-free withdrawals from your Traditional IRA once you are age 59½ or older. Once you reach age 73, you must take a required minimum distribution (RMD) every year.
Consider if: You would like more flexibility for withdrawals, want to reduce your taxable income or are planning to work past age 70.17
Contributions: You can invest up to $7,000 per year for 2025 and up to $7,500 per year for 2026 (or if you're 50 or older, up to $7,500 for 2025 and up to $8,600 for 2026). You can continue to invest in a Roth IRA no matter your age as long as you have earned income and meet the income limits.73
Withdrawals: You are eligible for tax-free earnings withdrawals once you are age 59½ or older and the money has been in the account for at least 5 years. There are no mandatory withdrawals or required minimum distributions.
Consider if: You are self-employed or are a small business owner.16
Contributions: Your initial contributions to your SEP IRA are tax-deductible, potentially reducing your taxable income right now. You can invest up to 25% of your compensation, up to $70,000 for 2025 and up to $72,000 for 2026, in a SEP IRA account.73
Withdrawals: You’ll only pay taxes in the year withdrawals are received. You are eligible for penalty-free withdrawals from once you are age 59½ or older. Other exceptions to the penalty may apply. By age 73, you must take required minimum distributions every year.
Learn about why everyone is eligible to apply to join Alliant and how membership pays. Insured by NCUA.
With an average daily balance of $100 or more. APY= Annual Percentage Yield.63
Mailing Address Alliant Credit Union Attn: IRA Dept. P.O. Box 66945 Chicago, IL 60666-0945
Overnight Service Alliant Credit Union Attn: IRA Dept. 11545 W. Touhy Avenue Chicago, IL 60666 773-462-2291
The purpose of an IRA is to save for retirement, so this tax-advantaged savings vehicle is specifically designed to discourage investors from withdrawing funds before turning age 59½. If you do so, the IRS imposes a 10 percent penalty on top of the income taxes you pay on the withdrawal. There are some exceptions that allow early withdrawal without penalty, so please see a tax professional for more detailed tax advice or visit the IRS website.
Yes. There are no income limits to make contributions to a traditional IRA. Your ability to make deductions may be affected by filing status and your participation in an employer retirement plan.
You must begin to annually withdraw a required minimum distribution (RMD) from your IRA once you turn 73 years of age. RMD guidelines, set by the IRS, ensure that investors don't use an IRA as a permanent shelter from income taxes.
Yes. There are specific rules and forms to ensure that your IRA funds are dispersed to your intended beneficiary, in case of death. You can use the Individual Retirement Account Beneficiary Designation/Change form to select your beneficiary.
Yes. Effective January 1, 2015, the IRS imposed the new IRA Rollover rule which stipulates that an IRA owner may complete only one IRA-to-IRA rollover per 365 days, regardless of how many IRAs you own, without differentiating between Traditional, Roth and SEP IRAs. This change of only one rollover per year will only affect rollovers, and will not have any impact on trustee-to-trustee transfers. The once-per-365-day rule does not apply to the direct rollover of 401(k) funds to a Traditional IRA.
Unlike a Traditional IRA, you can make tax-free and penalty-free early withdrawals up to the total amount of your annual contributions — at any time and for any reason.
Your annual Roth IRA contributions cannot exceed your annual compensation or the IRS limit, whichever is less. Any contributions you make to one type of IRA will reduce what you can deposit into another type of IRA. See a tax professional for more detailed tax advice or visit www.irs.gov for IRS limits.
Yes. To qualify for tax-free withdrawals of earnings, the funds must have been in your Roth IRA for at least five years. In addition, you must meet at least one of the following criteria:
You may be able to avoid penalties on early distributions in certain situations. See a tax professional for more detailed tax advice or visit the IRS website.
The SEP IRA is a retirement plan designed to benefit self-employed individuals and small business owners. Sole proprietorships, S and C corporations, partnerships and LLCs qualify.
Contributions into a SEP IRA are completely at your discretion. Your contribution can vary year to year, or it can be stopped, depending on profitability or short-term financial challenges. Of course, as with any retirement savings, we recommend a regular and consistent schedule of contributions.
Retirement plans can be rolled over and consolidated into a SEP. This includes traditional IRAs, 401(k) plans, money purchase plans, profit sharing plans, defined benefit plans, 403(b) plans and Rollover IRAs. A Roth IRA, or retirement accounts with after-tax contributions, cannot be rolled over into a SEP IRA.
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