Cinfed IRA Accounts

IRA Accounts at Cinfed

It’s never too early to start planning for your future. Even if you have a 401k or pension plan at work, changes in the tax law make IRAs more attractive than ever.

Cinfed offers Traditional IRAs, Roth IRAs and the Coverdell Education Savings accounts. You can enjoy consistent growth and the safety of federally insured funds to $200,000 and additional coverage of $150,000 provided by Cinfed through ESI, Inc. Invest your IRA funds in a Cinfed certificate account or contribute to your IRA through payroll distribution. Cinfed offers IRAs with no annual maintenance fee. No minimum deposit is required when opening your account with an IRA transfer, rollover or regular payroll deposits.

TRADITIONAL IRA		ROTH IRA
• Earnings on balance are tax-deferred • Tax deduction for qualified taxpayers • Required distribution at age 70 1/2 • Earned income required		• Earnings on balance are tax-deferred • Tax-free distributions (must be a qualified distribution) • No Required distribution • No age limit • Earned income required

Call our IRA professional at 513-333-3883, to help you assess your best option. For more ideas to help you achieve financial security in retirement, visit Retirement Central. To meet with a financial planner, click here.

EDUCATION IRA

The Education IRA is great way to save for a child’s education. The Education IRA offers tax-deferred earnings and tax-free distributions when the money is used for a child's elementary, secondary, or higher education expenses. This plan allows after-tax contributions of $2,000 per year until the child reaches the age of 18.

Call 513-333-3883 for more detailed information.