Retirement savings
made easy
The best step you can take towards retirement is to start saving today. Prepare for your future by finding investment opportunities and building up your portfolio with First Shore Federal.
Retirement savings
made easy
The best step you can take towards retirement is to start saving today. Prepare for your future by finding investment opportunities and building up your portfolio with First Shore Federal.
Start Investing
Fill out the form below to see how much you should be saving to retire comfortably. One of our retirement representatives will respond shortly to discuss good investments for your goals!
Saving for retirement might be the most important thing you do with your money
Everyone’s path to retirement is different. But at First Shore Federal, we give you the personalized service you need to construct your ideal retirement plan and begin saving for your future.
Money Market and Savings Accounts
Earn interest monthly or quarterly when you open a money market or savings account with our local bank. Choose between several high-interest accounts to help you on your way to retirement.
Certificates of Deposit (CDs)
Watch your money grow by investing in a certificate of deposit that offers you fixed or variable interest rates and insured protection from the FDIC.
IRA Accounts
Open a traditional or Roth IRA account at First Shore Federal. We’ll even help rollover your 401K from a previous employer.
Frequently Asked Questions
How much money do I need to save for retirement?
The answer to this question varies from person to person. Begin by talking with a First Shore Federal representative to discuss your financial hopes and plans. We’ll help determine how much you need to begin saving monthly for a comfortable retirement.
Which investments will yield higher returns?
Our representatives can help you place your investment where it will see the most rewards sooner. Or, if you prefer a steady increase in a secured investment, we can recommend other avenues for investing that also achieve your financial goals.
Which is better for me: a traditional or Roth IRA?
Not sure which IRA account is right for you? Visit First Shore Federal to discuss both options as they apply to your specific financial situation. Our personalized service allows us to better serve you and get you the investments you need for retirement.
How can I diversify my investment portfolio?
When investing for your future, it’s essential to spread investments out across various industries and opportunities to reduce risk and large losses. First Shore Federal can help you diversify investments in a manner that is best for your monetary aspirations.
Can I withdraw from my CD account before the term’s completion?
If you withdraw principal from a CD account before its maturity date, you will incur an early withdrawal penalty. However, a few exceptions apply, such as the First Shore Federal Freedom CD that allows you one withdrawal during its term.
What is the minimum opening balance for savings accounts?
Every account varies, but some savings accounts can be opened at First Shore Federal for as little as $10. That being said, other accounts with higher minimum opening balances can offer you higher rewards because of greater interest rates.
Can I check my investments online?
With First Shore Federal, you can check your retirement investment accounts conveniently on our online banking platform. This secure system lets you view your savings from your desktop computer, laptop, and even your mobile phone!
When can I begin withdrawing from my accounts?
This will depend on the account and if there is a set term when funds cannot be withdrawn. Discuss with a representative which accounts will allow for the frequency and amount you wish to withdraw.