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Retirement Accounts
Smart investments are safer than ever. The FDIC-insured amount on IRAs has been increased from $100,000 to $250,000. This means you can consolidate more of your retirement savings into one plan at one institution—simplifying your taxes, simplifying your accounting and simplifying your life as you earn a competitive fixed rate of return. To learn more, drop by your First Federal branch or give us a call today.
Traditional IRA
Roth IRA
IRA Rollover
Simplified Employee Pension Plan (SEP)
Retirement Certificates of Deposits
Retirement Calculator
Traditional Individual Retirement Account (IRA)
Security with flexibility
You may contribute if you have earned income and are under age 70 1/2
Contribution may be tax deductible
Tax deferred earnings
100% vested
Annual contribution not required
Spousal contributions accepted
Roth IRA
Tax deferred earnings
Contributions have already been taxed
No age limits on contributor
Distributions not required
Distributions can be tax free*
*Withdrawals must meet "qualifying distribution" requirements.
IRA Rollover
Options for your retirement assets
Allows access to assets one time per year
Move assets while maintaining your tax advantages
Easy way to move IRA funds
Avoid negative tax consequences by holding assets in a conduit IRA for rollover to another qualified plan.
Simplified Employee Pension Plan (SEP)
A plan to benefit employers and employees
Simple set-up with minimal administrative requirements
Tax benefits for employers and employees
Helps attract and retain valuable employees
Retirement Certificates of Deposits (CDs)
Invest in your future with security of FDIC insured CDs
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Whatever retirement plan fits your needs (IRA, Roth IRA, Rollover, or SEP) you have the choice of investing in any of the following Certificates of Deposits:
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18 Month Retirement Certificate
High fixed rate for 18 months
Minimum opening deposit of $100
Additional deposits of as little as $10 allowed throughout the term
Penalty-free withdrawals after age 59 1/2
FDIC insured up to $250,000
2 1/2 Year Retirement Certificate
High fixed rate for 2 1/2 years
Penalty-free withdrawals after age 59 1/2
FDIC insured up to $250,000
5 Year Retirement Certificate
High fixed rate for 5 years
Penalty-free withdrawals after age 59 1/2
FDIC insured up to $250,000
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Retirement Calculator
Try the handy retirement calculator to estimate your retirement income
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