IRAs
Relax ... make a plan.
Prepare for a comfortable retirement with an Individual Retirement Account.

Variety of IRA Options
Founders offers Traditional IRAs, Roth IRAs and Coverdell Education Savings Account options.

IRA Rollovers and Transfers
Rollover and transfer options available.

Long Term Savings Solutions
Founders IRAs offer savings solutions for your retirement planning.
The following SECURE Act provisions affect your IRAs
- Delayed age for beginning RMDs
- The age when required distributions (RMDs) from Traditional IRAs must generally begin has been increased to 73. This is effective for distributions required in 2023.
- More flexibility for IRA contributions
- Taxpayers with earned income can make Traditional IRA contributions at any age. This is effective for 2020 and later taxable years.
- Certain stipend, fellowship, and similar payments to graduate and postdoctoral students will be treated as earned income for IRA contribution purposes. This is effective for 2020 and later taxable years.
- More rapid payouts to non-spouse (and other) beneficiaries
- Most non-spouse beneficiaries of IRAs will generally be required to distribute inherited amounts within 10 years. This is effective for IRA owner deaths in 2020 or later years.
- Exceptions include those who, at the time of the account owner’s death, are:
- Disabled individuals.
- Certain chronically ill individuals.
- Beneficiaries whose age is within 10 years of the decedent’s age.
- Minors (they would begin a 10-year payout period upon reaching the age of majority).
- Recipients of certain annuitized payments begun before enactment of the SECURE Act.
- Exceptions include those who, at the time of the account owner’s death, are:
- Most non-spouse beneficiaries of IRAs will generally be required to distribute inherited amounts within 10 years. This is effective for IRA owner deaths in 2020 or later years.
- Birth/adoption excise tax exception
- The birth of a child or adoption of a child (or individual who is incapable of self-support) qualifies both as a plan distribution event and as an amount that is exempt from the 10 percent early distribution penalty tax (if applicable) for distributions of up to $5,000 in aggregate from IRAs. These amounts may be repaid. This is effective for distributions in 2020 and later years.
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 Founders 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 as to how much you really need to retire? Check out our retirement savings calculator.
Retirement on the horizon? See if you are on track.