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Take a look through some frequenty asked questions.
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With a SEP IRA, you and your employees can make saving for retirement a priority.
A Simplified Employee Pension (SEP) Plan benefits is a tax-deferred retirement plan for anyone who is self-employed, owns a business, or employs others. A First Federal SEP is FDIC-Insured and subject to certain limits:
18 Month
2½ Years
5 Years
Opening Balance
$100
Fixed Rate
Additional Deposits
Withdrawals
Penalty-free after age 59½
Interest Rate Upgrade
If over age 59½, you can upgrade the interest rate every 18 months on 2½ or 5 year IRAs. Contributions are also accepted at that time.
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Investing for retirement requires planning and long-term commitment. Our retirement account options are designed to help you achieve your investment goals.
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