Traditional IRA

A traditional IRA is a great way to save for the future. You can take advantage of tax laws allowing you to withdraw for education or your first home¹ without paying a tax penalty. And now, even more people will be able to deduct their annual contributions. Contact your Special Services Representative for more information.²

Roth IRA 

For many first-time home buyers, the Roth IRA is a great path to take. Pay no penalty to withdraw money for your first home¹. The Roth IRA offers several options that will allow you to withdraw your money tax-free. The Roth IRA is a nondeductible IRA that lets you invest after-tax dollars. You can make full or partial contributions depending on your adjusted gross income.² 

Coverdell Education Savings Account

Pave the road to higher education with this IRA. The Coverdell Education Savings Account is a special type of savings account created to help pay for public, private and parochial elementary, secondary vocational, undergraduate or graduate educational expenses.

• Invest up to the allowable maximum contribution limit per year, per child, tax-free to pay for future qualified education expenses (up to age 18 unless the individual has special needs).³
• Money invested is post-tax and not deductible - but future withdrawals to pay for education are tax-free. Money can be used for tuition, books, supplies, room and board, and equipment required for enrollment or attendance.
• Expenses incurred at public, private and parochial elementary and secondary schools are included as a qualified education expense.

Rollover IRA

You may be able to roll funds from a previous plan or retirement plan into a Founders IRA. Or, if you have an IRA with another financial institution and want to take advantage of our competitive rates, have your account directly transferred to Founders. We'll handle the details for you.

Two Investment Options

Open your IRA with as little as $5⁴ and select the investment option of your choice:

Fixed Rate:

• 12 - 48 month terms.
• Dividends compounded quarterly.
• No fees.
• May upgrade the rate once during the IRA term. (excluding certain promotional products)

Variable Rate:

• No set maturity date.
• Dividends compounded monthly.
• Change to a fixed rate IRA at any time.
• Make deposits any time.

¹  Maximum limit of $10,000 for first-time home purchase.
² Ask a Special Services Representative for contribution amounts and restrictions. Consult your tax advisor to determine if you qualify to open a Traditional or Roth IRA or to learn more about tax limits.
³ Ask a Special Services Representative for contribution amounts and restrictions. 
⁴ Minimum deposit depends on term.