Milford Federal Savings & Loan knows how important it is to plan in order to assure a comfortable and secure retirement. We offer a variety of IRA options designed to help you reach your retirement goals.
| Traditional IRA This savings tool allows you to help assure a secure retirement. Gain immediate tax benefits, with contributions and/or earning tax deferred until retirement. It can be opened and funded without employer participation. |
| Roth IRA Contributions are not deductible, earning can grow tax free and distributions can generally be withdrawn tax free. |
| SEP IRA Simplified Employee Pension Plan – contributions are tax deductible for the business with tax deferred earnings. SEP plans offer small employers the greatest flexibility at the lowest cost. |
| Simple IRA’s Savings Incentive Math Plan for Employees (Simple) – a retirement plan that is easy to administer and maintain designed for the small business. The main feature of this plan is the salary deferred plan contributions resembling traditional 401(k)s. |
| Coverdell Education Savings Account This plan allows total after tax contributions of $2,000 per year for each child until they reach the age of 18. The contributions and their earnings are tax free when withdrawn to pay for qualified education expenses. |
| Understanding IRA Distributions For more information visit our IRA Service Center |
Is an IRA right for you? Take our Milford Federal One-Minute IRA Test and find out. Then call one of our customer service representatives today at 508-634-2500 or 1-800-478-6990.