2 Individual Retirement Accounts Traditional ■ Competitive rates ■ Dividends paid monthly ■ Defer taxes on the earnings of your contributions until they are withdrawn Roth ■ Allows nondeductible contributions, taxed in the year they are earned ■ Features tax-free withdrawals/earnings Flex ■ Allows deposits to be made by payroll deduction or auto-transfer ■ Dividends paid monthly Coverdale Educational Savings Accounts (CESAs) ■ Savings for educational needs ■ Child (under 18) must be a member at CUA ■ No age restrictions are imposed for children with special needs ■ Tax-free withdrawals if used for educational expenses S AV I N G S