'Save smart' with an IRA from First Fed!
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Traditional and Roth IRAs

Open an IRA with First Fed!



A Traditional IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement. Roth IRAs
are similar to Traditional IRAs.


Traditional IRAs*

  • Any individual under age 70½ with earned income is eligible to open an IRA
  • Contributions to Traditional IRA made with pre-tax dollars
  • Available to anyone — no income restrictions
  • Taxpayers allowed to contribute 100% of compensation (self-employment income
    for sole proprietors and partners) up to a specified maximum dollar amount
*Consult your tax advisor for more information on deductibility, income and contribution limits.

 

 

 

 

 

 

 

 

 

Roth IRAs*

  • Any individual under age 70½ with earned income is eligible to open an IRA
  • Roth IRAs bear many similarities to the Traditional IRA
  • Individual taxpayers who establish Roth IRAs are allowed to contribute 100% of
    compensation (self-employment for sole proprietors and partners) up to a set
    maximum dollar amount
*Consult your tax advisor for more information on deductibility, income and contribution limits.

 

 

 

 

 

 

 

 

 

Current Rates
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