Topic

FAQ Topics

Frequently Asked Questions | IRAs

Traditional IRA

Is it tax deductible? What can I use it for?

Roth IRA

What's the most I can invest? Who qualifies? How can I contribute?

Simplified Employee Pension (SEP)

How is a SEP funded? How much can be contributed to a SEP IRA? How much of the employer’s SEP contribution is tax-deductible? Can SEP contributions be deposited into a Roth IRA? What is the deadline for establishing and funding the SEP? Can a self-employed person establish and fund a SEP for himself or herself? Can a SEP participant also contribute to a deductible IRA or a Roth IRA? Are there age restrictions for SEP participation?
Copyright © 2014 FMFCU. All Rights Reserved. Federally insured by NCUA.