IRA

PFFCU IRAs are Risk Free and High Yielding
A PFFCU IRA is a risk free investment for your retirement savings. IRA balances are insured, separately from your other PFFCU accounts, up to $400,000 at no cost to you. IRA insurance is a combination of $250,000 from the National Credit Union Association (NCUA) and up to $150,000 from Excess Share Insurance Corporation (ESI). Enjoy higher yields on IRA Certificates with only a $500 balance.

Are you a DROP program participant through the City of Philadelphia? PFFCU is a safe, simple investment solution for your DROP funds, as well as any deferred compensation funds you've accumulated for retirement. We make it easy and convenient for you to roll over DROP funds and deferred compensation funds into a PFFCU IRA. Each of our six branches has knowledgeable and friendly IRA/DROP Specialists who are available at no cost to you to help you roll over DROP funds and any deferred compensation funds into a PFFCU IRA, answer questions relating to the individual rollover process, and help you address the following concerns:

• Should I invest my retirement in the IRA Money Market, Certificates, or both?
• How much can I earn if I don't withdraw any funds for 5 years, 10 years, etc.?
• How much will I earn if interest rates rise in the future?
• Once I begin withdrawing retirement funds from my IRA account, how much can I afford to withdraw each month if I need the funds to last 10 years, 20 years, or 30 years?

Tax Law Changes Allow Higher Contribution Limits!
The annual contribution limit for both Traditional and Roth IRAs will gradually increase from $4,000 to $5,000 in the year 2008.

Workers aged 50 and older can make up for lost time with additional IRA contributions over and above the maximum limits. Those eligible are able to contribute $1000 more than the regular contribution limits. See your tax advisor for full details.

Traditional IRAs
Traditional IRAs can be opened and funded without any employer participation. They offer immediate tax benefits and there is no minimum annual contribution. Learn More»

Roth IRAs
Roth IRAs offer the flexibility to invest your after-tax dollars today, letting your investment grow tax-deferred. You can withdraw your principal and earnings tax-free after five years.** Learn More»

Rollover & Transfer IRAs
A rollover/ transfer is the movement of assets in an employer-sponsored retirement plan into an IRA. Rolling over or transferring your distribution to a PFFCU IRA is easy and it will give you the control you need to more efficiently manage your retirement savings. Learn More»

Retirement Planner
Are you on your way to a comfortable retirement? This calculator will help you find out if you are saving enough --- based on your current age, retirement savings and income, coupled with your future retirement spending expectations. You can change the information you entered into the calculator to test different scenarios to help you understand what you need to do to achieve your goals. Learn More»

Retirement Income Calculator
How much will you be able to spend each month during your retirement years? This calculator will answer that question based on your current retirement savings, current age, planned annual contributions, current tax rate and anticipated rate of return on your savings. It even shows you the impact of inflation on your retirement savings dollars. View the full report for a year-by-year breakdown of your retirement savings. Learn More»

Retirement Savings Calculators
We have a variety of calculators that were designed to help you make decisions about your financial future. Use our calculators today. Learn More»

Open an Account
Visit our IRA Service Center to open an account online or service an existing IRA. Apply Now»

**You may be subject to a 10 percent penalty on the earnings if taken before age 59½.