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TRADITIONAL IRA

GCU members should be aware of the following Secure Act rules when making decisions about their IRAs in 2025:
The age at which owners of retirement accounts must start taking RMDs is 73. Effective January 1, 2023, the
minimum age required for taking RMDs increased from 72 to 73. If you turned 72 in 2022 or earlier, you would
need to continue taking RMDs as scheduled.

The annual contribution maximum is $7,000 (or $8,000 under the catch-up contribution for those age 50 or older).*

Provided you have earned income from active employment, there is no age restriction that prevents you from
contributing to your IRA. Under some circumstances, a working spouse with earned income may contribute to
the IRA of their spouse who is not working.*

Parents may withdraw up to $5,000 to pay expenses for the birth or adoption of a child, without penalty.
*Subject to the premium payment schedule of your annuity product.

Having earned income from active employment is a requirement for contributing to a traditional IRA, and
your annual contributions to an IRA cannot exceed what you earned that year. The GCU Fixed Indexed
Annuity or Fixed Deferred Annuity Products may be excellent choices for your IRA needs.

This is general information regarding IRAs—GCU does not provide tax advice, and you should consult your tax advisor regarding your personal situation.

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