Traditional IRA. Elderly couple on a hike.

A CFE Traditional Individual Retirement Account (IRA) allows you to save and invest either pre-tax or post-tax money into the account for retirement. You can to make withdrawals after the age of 59 1/2 without penalty. Dividends are calculated from your date of deposit to your date of withdrawal.

Features and Benefits
  • No minimum balance to open or to earn dividends
  • Dividends compounded daily and credited monthly
  • Flexibility to add to your retirement as often as you’d like throughout the year up to the allowed amount
  • No monthly service fees
  • Statements sent quarterly
  • Contributions for Traditional IRAs must stop at 70 1/2 years
Further details on IRA provisions may be found from the IRS.

What to expect 

Establishing a Traditional IRA investment account is a great decision for your financial future. To do so, you can visit any CFE branch and speak with a member service representative. You will need to be a CFE member in good standing to establish a Traditional IRA account. CFE recommends you speak with a financial advisor when making any decision regarding investments and your retirement.

Learn more about Traditional IRAs with CFE.

Planning for Retirement

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