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Individual Retirement Account (IRA)

A Family Horizons IRA gives you a tax-deferred way to save for retirement. When you open an IRA, you can invest by making tax-deductible deposits (called contributions) in a savings program. For more information and to see contribution limits for the current tax year, visit the IRS website.

Family Horizons offers two different types of IRAs:

  • Traditional IRAs
  • Roth IRAs

Traditional IRAs

When you open a Family Horizons Traditional IRA, the funds you contribute to your account continue to grow tax-free until you begin withdrawing from that account, generally after you turn 59 ½ years old.

Roth IRAs

Family Horizons Roth IRAs are good options for those who think they might need to withdraw contributions prior to turning 59 ½ years old. This type of account allows you to withdraw funds early, with fewer restrictions, taxes and penalties.

Family Horizons offers two different types of accounts for your IRA plan:

  • IRA Regular Savings Account
  • IRA Share Certificate Account

IRA Regular Savings Account

Whether you choose a Traditional or Roth IRA, a Family Horizons IRA Regular Savings Account offers an easy way to save for retirement. You can use your convenient payroll deduction to make deposits so your account grows automatically.

View our current rate information here.

IRA Share Certificate Account

Family Horizons members can open an IRA Share Certificate Account with a one-time transfer from either an IRA Savings Account or any other source that doesn’t exceed the yearly deposit limits.

View our current rate information here.

Safe, Sound, Secure

You can rest easy that your money is safe and sound in all your Family Horizons accounts, with deposits up to $250,000 secured by the U.S. Government. Call us today to find out which IRA is the best supplement for your Social Security and retirement plans.

Tax deductibility and contribution limits vary. Contact a Member Services Representative at Family Horizons for more information and to learn which plan fits your individual needs.

View our Truth in Savings Statement here