Individual Retirement Accounts

Save for Your Retirement the Right Way with First Federal's Tax-Advantaged Individual Retirement Account (IRA).

We offer both the Traditional and Roth IRAs. Learn below for their benefits when planning to save for your retirement.

Contact us to learn more!

Traditional IRAs

• Traditional IRAs generally allow you to make contributions that are considered "pre-tax" funds.
• The funds grow tax-deferred until withdrawn at retirement age (after achieving the age of 59 ½).
• When you reach the age of 70 ½, you must begin to take minimum required distribution or risk additional penalty taxes.
• Contributions may be made for the previous tax year through the tax filing deadline of April 15^th. 

Roth IRAs

• Roth IRAs allow for tax-free growth of deposited funds, but contributions are not tax-deductible.
• You are not required to take distributions from your Roth IRA.
• Contributions may be made for the previous tax year through the tax filing deadline of April 15^th. 
  

Why Us?

• All of our IRA products are CD IRAs offering competitive interest rates, with 3 different terms to choose from.
• By placing your hard-earned money into a CD IRA with First Federal, there is no risk involved, and you have the peace of mind knowing that your funds will only grow in value.
• You may call us at 419-468-1518 or visit nearest branch office to ask for our current rates and CD IRA terms.