Begin planning for your future today with an IRA from PEF

An IRA is an individual retirement savings plan available to anyone who receives taxable compensation during the year.

We offer three ways to save for the future:

• Roth IRA
• Traditional IRA
• Coverdell Educational Savings Accounts

You can have more than one IRA, even two accounts of the same type. But the more you have the more you have to manage, experts recommend keeping it simple. At PEF we can help. Institutions can transfer your IRA account or you can rollover funds from one IRA to another. You can also do a direct rollover from your 401K (or other qualified plan). A PEF Individual Retirement Account can meet whatever need you have! Contact our Member Service with questions at (440) 483-4702.

• With as little as $500 you can invest in an IRA Share Certificate of Deposit with terms beginning at 3 months.
• An IRA Share Savings account must be set up for IRAs when an IRA Share Certificate is opened.
• Rollover or Transfer Amounts can be deposited into an IRA Share Savings account or Certificate of Deposit with terms beginning at 3 months.

Investment Options are flexible and easy to open for share savings or certificates of deposits..

Direct Transfer Option - a convenient way to grow your account! Set up a direct transfer from your existing Checking or Share Savings account to grow your IRA savings, once you accumulate enough funds, you can invest in higher-yielding, IRA Share Certificate of Deposit.

Example: Assume opening deposit of $5. Save automatically to reach $500-$4000. Remember, you can always add to your IRA Share Savings account at any time as long as the total amount contributed in a given year does not exceed the total allowable by law.

Term	Weekly Deposits	$500 Amount	Total	$4,000 Amount	Total
Weekly	52	$9.61	$499.72	$76.92	$3999.84
Bi-weekly (every two weeks)	26	$19.23	$499.98	$153.84	$3999.84
Monthly	12	$41.66	$499.92	$333.33	$3999.96
Semi-monthly (at the middle & end of each month)	24	$20.83	$499.92	$166.66	$3999.84