Federal Deposit Insurance on IRA’s

A question we are often asked is how is my IRA federally insured?  The National Credit Administration (NCUA) insures deposit accounts held in a Traditional IRA or Roth IRA at the financial institution up to $250,000.00.  The IRA’s you own at the APCI Federal Credit Union are viewed as a single account for insurance purposes. For instance, if you had $100,000 deposited in a Roth IRA account and $125,000 deposited in a traditional IRA account at the same institution, they would be treated as one IRA deposit account containing $225,000. Since this is under the $250,000 limit per institution, your funds are insured.

If you have any questions on IRA deposit insurance or any other IRA related questions please feel free to call one of our IRA experts.

For further assistance, please call 800-821-5104

• Al Kauffman, Certified IRA Professional, at ext. 6840