Individual Retirement Account

Summary

Imagine what your perfect retirement looks like. Is it mornings spent sleeping in, an afternoon on the range, or driving cross country to site-see? Whatever your dream is, be proactive in your retirement and start funding those dreams today.

IRAs offer tax-advantages while you save, and earn higher dividends than regular savings. We offer different plans for different needs. Talk to a Kern FCU representative about which plan is right for you.

  • Enjoy tax advantages while saving for retirement*
  • Earn competitive dividends higher than regular savings
  • One time $5 setup fee
  • No monthly, annual, or maintenance fees
  • Annual contribution limits
  • Traditional and Roth available
  • Funds may be used to purchase an IRA Share Certificate
  • Certificate early withdrawal penalties are waived if you are subject to an annual Required Minimum Distribution (RMD)
  • Rollovers from other retirement plans accepted
  • Including 401k, 403B, Profit Sharing or Deferred Compensation
  • Direct transfers available
  • Kern FCU will administer all required IRS tax reporting free of charge*
  • State and Federal tax withholding provided, free of charge
  • NCUA insured up to $250,000 in addition to standard share insurance

*KFCU staff may give you general guidelines regarding tax rules applicable to IRAs, but are not qualified to give you specific tax guidance. Please contact a qualified tax advisor regarding possible benefits of an IRA.