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Funding an IRA Account

Making your IRA contributions.

There are several ways you may fund your IRA:

  • Contribute in one lump sum with a maximum annual contribution of $5,000
  • Contribute over the course of the year. This may be done at any DFCU Financial branch or by pre-authorizing scheduled transfers from your DFCU Financial checking or savings accounts  
  • Rollover your 401(k)
  • Discuss IRA contribution options with a Financial Consultant, licensed through CUSO Financial Services, L.P. (CFS) 

Note:  If you are 50 or older in 2010, you may make an additional catch-up contribution of up to $1,000 to Roth or Traditional IRAs.

IRA investment options:

  • You may choose between a Roth IRA and Traditional IRA.  Compare a Roth to a Traditional IRA. 
  • Once your IRA has $1,000 in it, you may start investing in IRA Certificates (3 month, 6 month, 1 year, 2 year, 3 year and 5-year terms available).
    • IRA Certificates offer dependable fixed rates that automatically renew at the current rate when the term ends.
    • Higher balances typically earn you a higher rate of return.
  • If you don't have $1,000 in your IRA, or are unsure of how you want to invest your money, your IRA funds are placed in an IRA Savings Account.
  • Discuss other options with a Financial Consultant, licensed through CUSO Financial Services, L.P. (CFS).