Personal Services 
Retirement Account
Planning for your retirement is a key factor in ensuring a comfortable, secure future. Kearny Federal
offers a variety of excellent savings tools designed to provide additional retirement income while offering
tax benefits. We’ll help you reach all your future goals.
| Traditional IRA |
| A Traditional IRA allows you to take advantage of federal income tax deferred earnings and possible yearly tax deductions. This type of IRA may help you pay less in taxes now, using pre-tax dollars to build principal for more earnings later.
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| Roth IRA |
| While Roth IRA contributions are not tax deductible, earnings are free from federal tax if certain conditions are met. The Roth IRA also has a lot of flexibility to help you meet your retirement goals. You can continue to save for retirement past age 70½, there are no mandatory distribution requirements, and you may be eligible to access your contributions without any IRS penalties.
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| Coverdell Education Savings Account |
| Parents, grandparents or friends may want to look into this account. Annual non-deductible contributions of up to $2,000 a year per child may be made to this type of IRA. The earnings on your contributions are federal tax-free as long as they are used to pay for a child's qualified education expenses.
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