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Traditional and Roth IRAs

Open a Traditional or Roth IRA at First Federal.

 

Traditional IRAs*
Contributions to a Traditional IRA are made with pre-tax dollars and are available to anyone — no income restrictions. Taxpayers are allowed to contribute 100% of compensation (self-employment income for sole proprietors and partners) up to a specified maximum dollar amount.

 

 

 

Roth IRAs*
A Roth IRA bears many similarities to the Traditional IRA.

 

Individual taxpayers who establish Roth IRAs are allowed to contribute 100% of compensation (self-employment income for sole proprietors and partners) up to a set maximum dollar amount.

 

Click here to view the IRA Online Resource Guide - Information About Traditional IRAs
Click here to view the IRA Online Resource Guide - Information About Roth IRAs

 

 

*Consult your tax advisor for more information on
deductibility, income and contribution limits.