IRAs Can Help You Secure a Brighter Financial Future

Long-term financial goals, such as retirement or legacy planning, can seem daunting, but you don't have to prepare for your financial future alone. The earlier you start saving, the better, and an IRA from First Service can be an important part of your strategy to reach your financial goals.

IRA Features

    Opening Deposit

    Open with as little as $25.

    No Maintenance Fees

    No annual maintenance fee.

    Dividends

    Earn dividends monthly, at a fixed rate of return.

    Tax Benefits

    Enjoy tax advantages.58

    Federally Insured

    Funds are federally insured up to $250,000 by NCUA.

Compare IRAs

Depending on your needs, you can choose to set up your IRA as a Traditional, Roth, or SEP IRA.

Traditional IRARoth IRASEP IRA
DescriptionOur traditional IRA allows you to save for retirement with a guaranteed, fixed rate. Earnings are tax-deferred and your contributions may be tax-deductible.Earnings are guaranteed at a fixed rate and grow tax-free. You pay taxes on your contributions now, but earnings are tax-free upon withdrawal.A SEP IRA is designed for the self-employed investor. Earnings are guaranteed at a fixed rate and tax-deferred.
Ideal IfYou want to reduce your current taxable income, and don’t plan on making withdrawals until retirement, at age 59 ½.You want to reduce your taxable income at retirement, you need more flexibility for withdrawals, or you may work past age 72.You are self-employed, a small business owner, or freelancer who wants to reduce their current taxable income.
Tax AdvantagesYou may be able to reduce your current income taxes now. You don't pay taxes until you make a withdrawal, typically when you are in a lower tax bracket.All earnings grow tax-free, and you don’t pay taxes when you make a withdrawal, typically when you are in a lower tax bracket.You don't pay taxes until you make a withdrawal.
WithdrawalsWithdrawals are taxable income. Withdrawals made before age 59½ could be subject to a 10% penalty.Earnings that have been in the account for 5 years are tax-free if you are at least 59½. Contributions can be withdrawn anytime with no penalty or taxation.Withdrawals are taxable income. Withdrawals made before age 59 1/2 could be subject to a 10% penalty.
Mandatory WithdrawalsAge 70½ for IRA owners born before July 1, 1949, and age 72 for those born on or after July 1, 1949NoneAge 70½ for IRA owners born before July 1, 1949, and age 72 for those born on or after July 1, 1949
    

IRAs with Guaranteed, Fixed Rates

Save for the future at a guaranteed, fixed rate with a Savings IRA or Certificate of Deposit IRA from First Service. Learn more about both below:

Schedule an Appointment

 

To make an appointment with a First Service Wealth Management financial advisor, available through CUSO Financial Services, Inc., give us a call at 713-676-4356 or email us at WealthManagement@FSCU.com.111

 

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