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Retirement Accounts

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Retirement Accounts

IRA Savings Accounts: Because Your Financial Future is Important

Your financial future is important. That’s why we offer a variety of ways to build your retirement savings with our Mission Fed Credit Union retirement account.

Explore Retirement Solutions

With a Mission Fed Credit Union retirement account, you’ll find a variety of ways to save.

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Traditional IRA Savings Account

Any Mission Fed member with earned income and contribute up to $6,000 a year or $7,000 a year if age 50 or over.

  • No application, administrative or maintenance fee
  • No minimum deposit
  • Required minimum distribution age is 72
  • Early withdrawal will incur penalties unless an IRS exception applies.
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Roth IRA Savings Account

Any Mission Fed member with earned income can participate and contribute up to $6,000 a year or $7,000 a year if age 50 or over.

  • No application, administrative or maintenance fee
  • No minimum deposit
  • No required minimum distribution age
  • Tax-free withdrawals on IRS-qualified distributions.
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SEP IRA Savings Account

Any self-employed Mission Fed member with earned income can participate and contribute 25% of your compensation or up to $61,000, up to any age.

  • No application, administrative or maintenance fee
  • No minimum deposit
  • Required minimum distribution age is 72
  • Early withdrawal will incur penalties unless an IRS exception applies.

Note: Some restrictions and exceptions may apply. To learn more please visit the IRS website.

Peace of Mind

Your IRA deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA). Traditional IRA and Roth IRA balances are insured in the aggregate to the maximum of $250,000.

Free Rollover

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 and earnings continue to grow at Mission Fed. Visit one of our branches to open your retirement account today.

Investment Services

Raymond James located at Mission Fed Credit Union provides financial planning services because we believe everyone deserves a healthy financial future.

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Disclosures

Note: IRS restrictions may apply.

Must meet membership and account criteria. Consult a tax professional regarding your individual tax situation. Mission Fed does not charge a fee for rollovers however, sending account custodian may charge a fee. Rates, terms, and conditions subject to change without notice.

1 Annual limits apply to combined contributions and may have income limit and other restrictions. Consult with a qualified tax advisor to understand your contribution limits.

If withdrawing from a CD or transferring funds to another institution, fees/penalties may apply please refer to the Schedule of Fees.The Internal Revenue Service may impose a penalty for early withdrawals. Contact a tax advisor to determine if a penalty applies before making a withdrawal from an IRA.

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