Individual Retirement Accounts
About Retirement Investments with LCEF
Planning for retirement doesn’t have to be overwhelming. At LCEF, our retirement investments make it easy to align your savings with your financial goals and your faith. Earn a competitive interest rate while empowering LCMS ministries to grow, thrive and share God’s love. It’s a partnership of Lutherans helping Lutherans, building a brighter future for you and God’s kingdom.
Don’t forget to set up regular contributions and become familiar with IRS limits each year, so your savings can grow over time.
Explore the Benefits
Open account with $100.
Compounded interest paid monthly.
Support LCMS Ministries.
MyAccount online and mobile app access.
Which retirement investment is right for you?
Traditional IRA
A traditional IRA can be attractive if you think you’ll be in a lower tax bracket when you retire.
Coverdell Education Savings Account
Withdrawals are tax-free for qualified elementary, secondary or higher education costs. Eligible expenses include tuition, computer equipment, room and board and more—including those for Lutheran schools.
Roth IRA
While a traditional IRA may yield an upfront tax break, a Roth IRA hands you that perk when you’re ready to retire—tax-free withdrawals.
IRA Term Notes
Choose from various fixed and floating interest rates with different durations. Interest is compounded and paid quarterly (March, June, September and December).
Jumbo IRA
Jumbo term notes are unique financial options that require a higher deposit ($100,000) in return for locking in on elevated interest rates, enhancing the overall returns on your investment. LCEF offers both fixed and floating rates. The floating rate option has an adjustable rate and allows deposits.
Dedicated Savings
IRA Dedicated Certificate
| Minimum | Rate | APY* |
|---|---|---|
| $100 | 1.750% | 1.762% |
IRA Floating Jumbo Note
| Minimum | Term | Rate | APY* | Penalty |
|---|---|---|---|---|
| $100,000 | 60 mos. | 4.500% | 4.577% | 180 days of interest |
Individual Retirement Accounts (IRAs) are also available as fixed-rate term notes.
Open Your IRA Today
Join Lutheran Investors Like You
Sarah Grack-Moritz
School Technology & Innovation, Orange, Calif.
“I am an LCEF investor because we believe in what LCEF does. LCEF helps schools and churches … get loans that they would never have been able to get so that we can promote the spreading of the Gospel and support the community around us.”
Rev. Adam Salinas
Concordia Lutheran Ministries, Freeport, Pa.
“I enjoy investing in LCEF because I know that our money goes towards building new churches and schools. I enjoy investing with them because they are caring and supportive in the financial services that they provide.”
Rev. Michael Schmidt
Peace Lutheran Church, Natoma, Kan.
“Money invested goes beyond traditional means and goes to help churches and schools that share our core beliefs.”
FAQs
Helpful Documents
Open Your IRA Today
Our step-by-step questionnaire guides you through the entire process of starting an IRA, making a contribution or rolling over assets from another financial organization or an employer-sponsored retirement plan.
Still not sure which retirement account is right for you? Read more here.