Fraud Alert: We have received reports that our 585.586.8225 phone number is being spoofed with people claiming to be our Fraud Department and requesting personal information. Please do not give these people any personal information. Click here to read more. 

All Family First branches and the call center will be closed on Thursday, November 23 for Thanksgiving and closing early at 3:00 pm on Friday, November 24. Have a safe and enjoyable holiday!

The Henrietta branch will be undergoing renovations during the next couple weeks which may lead to some dust and debris in the branch. We apologize for any inconvenience this may cause.


Individual Retirement Accounts

Have you started planning for retirement? Feel more secure with a Family First IRA. Start saving for your future now with our flexible plans that have no maintenance fees or commission costs. Your retirement money is safe at Family First because it is not subject to market fluctuations and your retirement account is insured separately up to $250,000.

Which IRA is right for you?

Both Traditional and Roth IRAs offer attractive financial benefits, so which one best fits your needs? If you are unsure, consider this:

A Roth IRA is great if you don’t need a tax break right now. It’s a more flexible investment because you can withdraw regular contributions at any time, tax-free and penalty-free. The Roth IRA also offers flexibility during retirement because it does not require you to start taking distributions at age 72 like most other IRA accounts (70 ½ if you reach 70 ½ before January 1, 2020).

A Traditional IRA is an excellent choice if you want a tax deduction now or if you anticipate being taxed at a significantly lower rate in retirement.  Your contributions grow tax-free and then are subject to income tax based on your taxation rate at the time of withdrawal. 

Family First offers both IRA investment options, with risk-free IRA Savings, IRA Certificates of Deposit and IRA MoneyBuilder accounts. Remember, the sooner you start saving, the more you’ll enjoy your retirement!

Ways to Save

IRA MoneyBuilder Account
Invest your IRA funds into an IRA MoneyBuilder and benefit from the higher tiered rates this account offers. The more you save, the more you’ll earn in dividends. Set up a direct deposit and your funds will automatically be contributed for the current year. A $1500 minimum opening balance is required for IRA MoneyBuilder accounts.

IRA Certificates
IRA Certificates are a great, risk-free way to save for your retirement. Family First offers Traditional and Roth IRA Certificate options, with a variety of terms ranging from 3 to 60 months. Competitive dividend rates are compounded daily and reinvested. A $500 minimum opening balance is required for all IRA Certificates.

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