Go to main content
PSFCU
Open an Account

Traditional IRA and Roth IRA are the most common retirement accounts, available to practically everyone who receives compensation from employment. With a Roth IRA, you contribute post-tax funds, allowing your contributions and earnings to grow tax-free. With a Traditional IRA, you contribute either pre-tax, or post-tax funds, your money grows and tax is deferred. Withdrawals are taxed as current income after age 59½ with a Traditional IRA, rather than "tax-free", as they are with a Roth IRA.

The deadline for accepting 2023 Traditional and Roth IRA contributions: April 15, 2024.

SEP IRA and SIMPLE IRA offer attractive retirement solutions for people who are self-employed. An employee and, a small business owner or sole proprietor can both make contributions to a SIMPLE IRA. SEP-IRA plans allows only business owners to make contributions for each themselves and their employees.

More about IRAs offered by PSFCU:

Traditional IRA, IRA, pen, calculator

Traditional IRA

Traditional IRA is an Individual Retirement Account to which contributions are generally made with pre-tax dollars

Learn More

Roth IRA, money, change, IRA

Roth IRA

A Roth IRA is an Individual Retirement Account to which contributions are made with after-tax dollars.

Learn More

SEP IRA, glasses, IRA, simplified employee pension

SEP IRA

SEP plans may be established by many kinds of small business entities.

Learn More

Simple IRA, glasses, IRA

Simple IRA

A SIMPLE IRA is an individual retirement savings account that allows for contributions made in connection with participation in an employer provided plan.

Learn More

Go to main navigation