Our First Federal Individual Retirement Accounts (IRAs) are a great way to plan for your retirement.
Our Traditional IRA provides a safe way for you to save money for your retirement. Contributions can also be deductible, which can provide income tax relief in certain situations. 1 Speak with a First Federal representative today for more details.
A Roth IRA is similar to a Traditional IRA; however, contributions are not tax deductible. This advantage allows qualifying distributions to be tax-free. 1 This can help reduce the tax liability in your retirement years and let you enjoy the money you have worked so hard to earn.
A CESA IRA, or Coverdell Education Savings Account, lets you save for your, or your family's educational needs. A CESA IRA can be used to pay for primary and secondary schooling, not just colleges and universities. Funds also grow tax-free until disbursement. 1
A tax-deferred rollover occurs when you withdraw cash or other assets from one eligible retirement plan and contribute all or part of it within 60 days to another eligible retirement plan. 1