Individual Retirement Account (IRA)

Plan for supplemental retirement income with Traditional and Roth IRAs available at HawaiiUSA FCU. Variable terms are available for both programs. Options include IRA Share Certificates ($500 min) & IRA Share Savings ($100 min). You can even transfer your IRA direct from any financial institution or employer program.

Traditional IRA Shares
A retirement savings program available to working individuals, established as a supplemental or primary savings plan for retirement. The most that can be contributed to your traditional IRA for 2006 is the smaller of the following: your compensation that you must include in income for the year or $4,000. If you reached age 50 during 2006, the most that can be contributed to your traditional IRA for 2006 is the smaller of the following amounts: your compensation that you must include in income for the year or $5,000.

Federal withholding at time of withdrawal is optional (10% minimum). Members may elect to withhold more. Early withdrawal penalties may apply (under age 59 1/2).

These are only general guidelines. The rules can be complicated. Consult your tax advisor before making any IRA contributions.

Roth IRA Shares
A retirement savings program available to working individuals, established as a supplemental or primary savings plan for retirement. This IRA program has no age maximum.

The most that can be contributed to your Roth IRA for 2006 generally, is the lesser of the following: $4,000 or your taxable compensation. If you are 50 years or older in 2006, your contribution limit for 2006 is the lesser of $5,000 or your taxable compensation. Generally, you cannot make a Roth contribution if your income exceeds certain limits.

These are only general guidelines. The rules can be complicated. Consult your tax advisor before making any IRA contributions. Please view our Investment & Retirement Center for financial planning advice.

For more information:

1. Call our Member Service Center at (808) 534.4300 (Oahu) or
   toll-free (800) 379.1300 (neighbor islands & mainland)
2. Email us at contactus@hawaiiusafcu.com
3. Visit any of our 10 convenient branches