IRAs
Relax ... make a plan.
Prepare for a comfortable retirement with an Individual Retirement Account.
Variety of IRA Options
7th Trust Bank offers Traditional IRAs, Roth IRAs and Coverdell Education Savings Account options.
IRA Rollovers and Transfers
Rollover and transfer options available.
Long Term Savings Solutions
7th Trust Bank IRAs offer savings solutions for your retirement planning.
Additional Features
Traditional IRA
- Accounts can be opened and funded with contributions based on your earned income and age.
- Contributions may be tax-deductible.3
- Earnings are tax-deferred until withdrawn.
- Funds are always available,3 unlike many employer plans.
- No minimum contribution required in any year.
Roth IRA
- Contributions are not deductible, but earnings grow tax-free.
- Withdrawals may be penalty-free.
- Offered in addition to your 401(k) plan.
- Discuss your options with a tax advisor or a 7th Trust Bank Investment Services Financial Consultant.
Coverdell Education Savings Account
- Tax-free earnings.
- Ability to invest up to $2,000 per year per child.
- Withdraw money penalty-free for approved use on elementary, secondary and higher education expenses.
- Account can be transferred to another child who qualifies as an eligible beneficiary if intended child does not attend an institution of higher education.
- Contributions can be made by almost anyone.
Visit an office near you today to open an IRA or Coverdell Education Savings Account.
1 Allowed a one-time dividend rate upgrade request during the original term. At the time of request, the dividend rate will be increased to the dividend rate offered at that time for the same product and
term and will be fixed until the original certificate maturity date.
2 To qualify, you must have a checking account opened at least six (6) months with a minimum of ten (10) member-initiated transactions
within the past sixty (60) days and must already have one of the following FFCU products: a credit card, loan, certificate or IRA.
3 Seek tax advice.
Calculators
See how much you could earn!
How Long Will My Retirement Savings Last?Curious to how much you really need to retire? Check out our retirement savings calculator
Retirement on the horizon? See if you are on track.