Retirement Accounts

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Retirement Accounts
Trust goes a long way.
All the way
through retirement.

Retirement Accounts

Talk with one of our non-commissioned Individual Retirement Account (IRA) representatives about transferring your IRA to Third Federal. We'll happily look at your retirement plan and provide solutions that meet your goals.

Transferring your IRA is easy. We handle all the details for you, from filling out the paperwork to contacting the financial institutions.

  • One place to manage your retirement accounts
  • Assistance in calculating your required minimum distribution
  • One place to call for answers

Call 1-877-324-5661 to meet with an IRA Representative.

Traditional IRAs

Up to $6,000 of your yearly IRA investment may qualify as a deduction. Of course, you'll want to consult your tax advisor for information about your specific situation. You can open a Traditional Individual Retirement Account if you have earned income for the year. It’s that easy to qualify!

Roth IRAs

Contributions to a Roth IRA are not deductible. However, when you take a distribution of funds for reasons that qualify, the interest you've earned may be tax-free. Again, please consult your tax advisor for information about your specific situation. Anyone with earned income, regardless of age, can open a Roth IRA.

Simplified Employee Pension (SEP)

We offer a Simplified Employee Pension (SEP) for individuals who are self-employed or own a small business. Like a traditional IRA, a SEP defers federal income taxes until you withdraw funds. But you can contribute much larger amounts than those allowed into IRAs.

A SEP Allows You to:

  • Make tax-deductible contributions for employees. The maximum contribution is the lesser of 25% of compensation or $56,000 for 2019 and $57,000 for 2020.
  • Omit contributions in years when they're unaffordable
  • Avoid the high administrative costs and annual reporting requirements usually associated with other plans

The contribution deadline is the employer's income tax return filing date deadline, plus any extension.

Retirement CD Rates for December 01, 2020
Cuyahoga County, Ohio
All Mortgage Rates 0 Points
Term APY
72 Months
Minimum to Open: $100
60 Month Special
Minimum to Open: $100
39 Month Special
Minimum to Open: $100
48 Months
Minimum to Open: $100
30 Months
Minimum to Open: $100
24 Months
Minimum to Open: $100
18 Months
Minimum to Open: $100
12 Months
Minimum to Open: $100