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All About IRAs

At America First, we provide a diverse range of vehicles that can help you ensure your resources are there for you during all of life’s important stages.We also provide Individual Retirement Account (IRA) investment accounts through CUSO Financial Services, L.P. (CFS).


IRAs are certainly one of the most powerful tools available to you. Even if you’re contributing to a 401(k) or other plan at work, you should also consider investing in an IRA.


Traditional IRAs: The only requirements for opening and contributing to a traditional IRA are having taxable compensation or earned income through employment, and you have to be under age 70½. Deposits can have significant tax advantages if you quality. Annual distributions are required after the age listed above until the funds are exhausted.

Roth IRAs: You’ll also need taxable compensation or earned income to contribute to a Roth IRA. Your ability contribute in any year depends on your modified adjusted gross income and your tax-filing status. Contributions to a Roth are not tax-deductible but, if you meet certain conditions, your withdrawals will not be subject to federal income tax.


Your membership gives you the wealth of knowledge and expertise of a CFS Representative, located at America First Financial Solutions, who is here to serve your needs regarding IRAs and a host of other options. Please call 1-800-999-3961 for a no-cost, no-obligation appointment.


Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (CFS), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk, including possible loss of principal. Investment representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to members. CFS and its representatives do not provide tax advice. For specific tax advice, please consult a qualified tax professional.