WHAT OUR MEMBERS SAY
WHAT OUR MEMBERS SAY
About SchoolsFirst FCU

“The Credit Union has something for everyone, from someone who is financially savvy to a person who just needs basic services.”


– Amy C.
Member Since 2010

About SchoolsFirst FCU
MOST POPULAR CONTENT
MEMBER FAVORITES Personal Loan
Branch & In-Store Branch Services
Fixed & Variable Annuities
BalanceTrack Checking Management
Compare SchoolsFirst FCU Checking Accounts
Tax-Deferred Investments - IRAs

Individual Retirement Accounts (IRAs) are a powerful tool to help build your retirement savings. IRAs offer either tax-deferred or tax-free earnings growth until they are distributed, and some contributions may be tax-deductible as well. Over time, these special tax features can result in significantly larger savings than what you could achieve with ordinary savings accounts.

Traditional IRA:

After-tax contributions; taxes are deferred until you withdraw the money, usually during retirement when you will most likely be in a lower tax bracket.

 

Roth IRA:

Contributions and earnings left in the Roth IRA for at least five years and withdrawn after age 59½ won’t be taxed, no matter what your tax bracket or income level.

 

 

Simplified Employee Pension (SEP) IRA:

An easy and low-cost plan, available to self-employed Members and small business owners, with employer contributions not required.

 

Savings Incentive Match Plan for Employees (SIMPLE) IRA: Available to self-employed Members and small business owners, both employer and employee make tax-deferred contributions through salary reductions.

 

IRA Certificates:

Investment IRAs may provide greater potential returns, but they are not federally insured; Traditional and Roth IRA Certificates, however, offer a fixed rate for a specific term and are insured by the NCUA to $250,000.

 

 

Get Started: Open an IRA Online


Please consult a qualified tax professional for tax advice on your specific circumstances.

NOT A MEMBER?
NOT A MEMBER?
RELATED CONTENT
RELATED CONTENT
Apply for a Loan •  Apply for a Loan
 
 
Apply For a Home Loan •  Apply for a Home Loan
 
 
Workshops •  Workshops
 
 
Retirement & Investment Forms •  Retirement & Investment Forms
 
 
Statement of Fees •  Statement of Fees
 
 
Calculators •  Calculators
REFER A FRIEND
REFER A FRIEND