Individual Retirement Account (IRA)
Michigan First Individual Retirement Accounts (IRAs) are a great way to begin saving for retirement, even if your employer offers a retirement plan. We offer Traditional, Roth and Coverdell Education IRAs. You can also roll over funds from an existing IRA, retirement plan or pension plan to a Michigan First IRA at no charge. Choose an IRA savings account, or earn a higher yield with an IRA Certificate. Investing in an IRA may offer tax advantages1.
Benefits:
- Choose from a Traditional, Roth, or Coverdell Education IRA account
- Contribute up to $5,000 a year2
- Catch-up contribution up to $1,000 a year (for those age 50 and older)
- Roll money into other IRAs without penalty
- IRA savings and certificate accounts available
Visit any of our convenient locations to open your IRA account or contact us today.
1 Consult your tax advisor for details.2 Current contribution limits may differ, please contact us for more information.
