Individual Retirement Accounts (IRAs)
Ask anyone enjoying their dream retirement how they got there, and chances are they’ll say they made a plan early and stuck with it.
At First Jersey, we offer various IRA accounts, each customized to fulfill your individual needs in preparation for retirement. Compare our IRA accounts or view the summaries below:
- Traditional vs. Roth IRA
- IRA Share Certificate
- Coverdell Education Savings Account
Traditional vs. Roth IRA
A traditional IRA offers tax-deferred earnings and the possibility for tax-deductible contributions.
While contributions are not tax-deductible, most of the contributions may be withdrawn tax-free. This is very helpful for anyone who may want or need to tap into their IRA several years down the road.
$10 minimum balance in the Share Savings account is required to open this account
Share Policy: All accounts are insured up to $250,000 by NCUA. IRA accounts are insured for an additional $250,000 per account.