Skip to content
 

Roth IRA Accounts

Do more for your future—starting today! Build a more secure future for you and your family by supplementing your private pension plans and social security benefits with a tax-sheltered Individual Retirement Account (IRA) from People First FCU.

You can start saving for retirement today with a Roth IRA Share Account or a Roth IRA Share Certificate. Set up an automatic transfer for any designated amount to a Roth IRA Share Account and watch your money grow. Or invest in a Roth IRA Share Certificate with a minimum of $500 for a term of 6 months to 5 years.

Roth IRAs Offer:

  • Penalty free withdrawals after 5 years,
  • Tax-free earnings after age 59½,
  • Contributions allowed at any age when employed,
  • No required distribution in your lifetime,
  • Tax-free if used for first home purchase (up to $10,000) or education,
  • Tax-free if disabled or upon death.

Contribution Requirements

For the tax year 2019 you may be eligible to make a maximum contribution if your modified adjusted gross income (MAGI) does not exceed $122,000 for single taxpayers or $193,000 for married taxpayers filing joint income tax returns. However, if your MAGI is within the phase out ranges of $122,000-$137,000 for single taxpayers, $193,000-$203,000 for married taxpayers filing joint returns, or $0-$10,000 for married taxpayers filing separate returns; you may make a partial prorated contribution.*

For the tax year 2020 you may be eligible to make a maximum contribution if your modified adjusted gross income (MAGI) does not exceed $124,000 for single taxpayers or $196,000 for married taxpayers filing joint income tax returns. However, if your MAGI is within the phase out ranges of $124,000-$139,000 for single taxpayers, $196,000-$206,000 for married taxpayers filing joint returns, or $0-$10,000 for married taxpayers filing separate returns; you may make a partial prorated contribution.*

You can make a catch-up contribution each year of $1,000 if you are age 50 or older.

Maximum Annual Contribution

Tax YearUnder age 50Age 50 and Older
2019$6,000$7,000
2020$6,000$7,000

Open an IRA Today!

Opening an IRA is quick and easy. Simply visit any one of our branches and a Member Service Representative will be happy to meet with you.


*If your MAGI exceeds these limits, you are not eligible to make Roth IRA contributions. You might, however, consider a Traditional IRA, which generally does not have income restrictions and also holds certain tax advantages.

For more information please view our Consumer Account Agreement.

See our Consumer Fee Schedule for associated fees.

Número de Ruta

El número de ruta y tránsito (ABA) de People First es: 231379115

Dirección de correo postal

2141 Downyflake Lane
Allentown, PA 18103

©2020 People First Federal Credit Union

La membresía está disponible para quienes viven, trabajan, profesan una religión o asisten a la escuela en los condados de Lehigh o Northampton.

Sobre nosotros

Click to Get Discounts on Love My Credit Union Rewards Products

En People First FCU estamos mejorando la accesibilidad y la facilidad de uso de nuestro sitio web para nuestros miembros actuales y los miembros potenciales. Nuestros esfuerzos se basan en los estándares de las pautas de accesibilidad al contenido web (WCAG) 2.1. Nuestra política es asegurar que las personas con discapacidad tengan todas y las mismas oportunidades de beneficiarse de nuestros servicios en nuestro sitio web y en otros servicios en línea. Si tiene preguntas o necesita ayuda con el contenido de nuestro sitio web o los servicios en línea, por favor contáctenos en staff@peoplefirstcu.org o llame a nuestro Centro de servicios para los miembros al 610.797.7440.

Equal Housing Lender
Equal Opportunity Lender
NCUA Logo

Sus ahorros están asegurados federalmente por al menos $250,000 por la National Credit Union Administration y respaldados por la confianza y el crédito del gobierno de los EE. UU.

Who's Who in Business - Lehigh Valley
Best of the Valley Logo
Reader's Choice - The Morning Call
Scroll To Top