Start planning for your retirement today by opening an IRA account at POE FCU. With outstanding rates and funds that grow tax deferred year after year, an IRA account is an important part of your long-term savings portfolio. A Traditional IRA offers tax-deferred earnings and the possibility of tax deductible contributions. A Roth IRA is funded by non-deductible contributions but gives owners the opportunity for tax-free withdrawals. New in 1998. An Education IRA enables parents and others to deposit $500 per year to be used for educational purposes. Earnings grow tax-free if you meet the income requirements.