Your retirement is within reach.

Start saving now with a tax-advantaged First Service Credit Union Individual Retirement Account (IRA). Rollover your 401(k) or use a lump sum to get started.

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IRA Features

Opening Deposit

Open with as little as $100.

No Maintenance Fees

No annual maintenance fee.

Dividends

Earn dividends monthly, at a fixed rate of return.

Tax Benefits

Enjoy tax advantages.

Federally Insured

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

Account Types

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
-Our traditional IRA allows you to save for retirement with a guaranteed, fixed rate. Earnings are tax-deferred and your contributions may be tax-deductible. Traditional IRAs are ideal if you want to reduce your current tax liability.*A Roth IRA is ideal if your tax rate will be higher at retirement. 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. It’s ideal for the small business owner who wants to reduce their current tax liability.*
Best 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 70.You are self-employed, a small business owner or freelancer.
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 Contributions can be withdrawn anytime with no penalty or taxation.Withdrawals are taxable income.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 59½ could be subject to a 10% penalty.
Mandatory WithdrawalsAt age 70½NoneAt age 70½
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Investment Services

Simply dreaming of retirement isn’t enough. Dreams come true when a carefully crafted financial plan is executed with precision. That’s where we come in. At First Service Credit Union, our CUSO Financial Services, L.P. (CFS) advisors listen to your goals, assess your risks, and develop a comprehensive plan to help you achieve them.30

Having enough money to afford retirement can seem daunting — it doesn’t have to. Stop dreaming of retirement. The earlier you start saving, the better. With a First Service CFS advisor, your retirement is within reach when you start investing, today.

Our CFS advisors can offer you investment IRAs, mutual funds, annuities, and other options to help reach your goals.

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