IRA Accounts
- Traditional and Roth plans available
- We can assist you when transferring an IRA or a rollover from a previous employer’s retirement plan
IRA Accounts
| Tax Year | Under Age 50 | Over Age 50 |
|---|---|---|
Tax Year 2024 | Under Age 50 $7,000 | Over Age 50 $8,000 |
Tax Year $8,000 | Under Age 50 $7,000 | Over Age 50 $8,000 |
Small Business Retirement Plans
- SIMPLE (Savings Incentive Match Plan for Employees)
- SEP (Simplified Employee Pension)
* Coverdell Education Savings and IRA contributions may be limited based on income and age restrictions. Seek the advice of a legal or tax professional regarding your specific tax situation.
We will accept deposits from residents of the Eastern Shore of Maryland, Virginia’s Eastern Shore and lower Delaware. Please visit any of our branch locations to open an account.
If you would like to receive additional information about these accounts or any services offered at First Shore Federal, please write to us at: PO Box 4248, Salisbury MD 21803-4248 or send us an email.