Plan for your future— with the benefits of an IRA

Your financial future is important to us—and that means saving for your retirement. An Individual Retirement Account, commonly referred to as

an IRA Account here in San Diego at Mission Fed,

might be an important step in planning for your future. At Mission Fed, you’ll find a variety of ways to save, including the Traditional Individual Retirement Account (IRA), Roth IRA and Simplified Employee Pension Plans (SEP IRA). Get more details, and feel free to

visit Mission Fed to learn more about Retirement Accounts.

Federally insured
Enjoy peace of mind while your money grows— your IRA deposits are insured up to $250,000 by the National Credit Union Administration (NCUA). Traditional and Roth IRA balances are insured in the aggregate to the maximum of $250,000.

Free direct rollover from an employer sponsored plan
If you recently left an employer, you can move money from your retirement plan without tax consequences with a direct rollover to a Mission Fed IRA. Let your retirement savings continue to grow at Mission Fed.

Free online retirement center
Click the “Go to IRA Center” button below for more information about IRAs and a convenient online form to start the process of opening an IRA.

Options Traditional IRA Roth IRA SEP IRA
Who can participate Any Mission Fed member under age 70 ½ with earned income Any Mission Fed member with earned income Any self-employed Mission Fed member with earned income
Contribution* Up to $5,500 a year or $6,500 a year if age 50 through 70 ½ Up to $5,500 a year or $6,500 a year if age 50 or over 25% of your compensation or up to $54,000, up to any age
Spousal Contribution (married couples, filing a joint return) A spouse may contribute up to $5,500 annually or $6,500 if age 50 through 70 ½ based on earned income A spouse may contribute up to $5,500 annually or $6,500 if age 50 or over based on earned income Due to the complexity of this plan, please consult with a tax advisor to determine your contribution
Dividends Calculated daily and paid monthly Calculated daily and paid monthly Calculated daily and paid monthly
Withdrawals without penalty You’ve reached age 59 ½ or you are withdrawing the funds under an IRS qualified exception If it has been 5 years since you made your first contribution to a Roth IRA and you have reached age 59 ½; or you are withdrawing the funds under an IRS qualified exception You’ve reached age 59 ½ or you are withdrawing the funds under an IRS qualified exception
Application, administrative or maintenance fee None None None
Minimum deposit None None None
Required minimum distribution age Yes, 70 ½ No Yes, 70 ½
Notes ** Early withdrawal will incur penalties unless an IRS exception applies Tax-free withdrawals on IRS qualified distributions Early withdrawal will incur penalties unless an IRS exception applies
*It is important to know that, if you have a Traditional and Roth IRA, the annual limits above apply to combined contributions and may have income limit and other restrictions. Please consult with a qualified tax advisor to understand your contribution limits. Contribution amounts are for 2018 and are subject to change.
**A qualified tax professional can help you decide whether a Traditional or Roth IRA is best for your particular situation.

More Products & Services

Way to Save

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Get a $50 VISA® Gift Card! Students of Mission Fed JA Finance Park can get a $50 VISA Gift Card for...

Students of Mission Fed JA Finance Park can get a $50 VISA Gift Card for opening a Savings or Checking Account with $25. It’s a great way to put your financial literacy to work and start managing your own finances.

 

Term Certificates

Photo of a couple with their surfboards at the beach soaking up the sun and the savings with a higher rate on Regular or IRA Term Certificates.

Soak up the sun and savings! For a higher rate on a Regular or IRA Term Certificate, you’ve got...

Catch some great rates with a Term Certificate and choose what works best for you: 2.50% APY for 27 months, 2.00% APY for 17 months or 1.50% APY on a Regular or IRA Term Certificate.

 

Term Certificates at competitive rates

Photo of happy couple in their kitchen.

Are you searching for competitive CD rates? Check out our Term Certificates.

Just like a traditional CD, a Term Certificate offers you peace of mind with a dividend rate and the flexibility to choose a term that fits your investment needs.

 

Checking Accounts

Photo of smiling woman working with flowers

Manage your daily transactions better with a Mission Fed Checking Account.

Mission Fed offers you a variety of Checking Accounts to help you manage your daily transactions while enjoying convenient access.

 

Branch/ATM Locator

Search for Mission Fed Branches and ATMs, or 30,000 CO-OP Network ATMs Nationwide