Four dark blue stained glass panels. INVESTMENTS Retirement Accounts Make your retirement money work harder for you. HELPFUL DOCUMENTS GET STARTED

Which Individual Retirement Account (IRA) is right for you?

Whether young or old, it is never too soon to plan for retirement. The first step is maxing out your employer-sponsored plan and taking advantage of it. What else can you do to make sure you retire comfortably?

An IRA allows you to save additional money for your retirement in a tax-advantaged way. They are easy to set up at Lutheran Church Extension Fund (LCEF). In addition, your investment works twice as hard for you.

Traditional IRA

A traditional IRA can be attractive if you think you’ll be in a lower tax bracket when you retire.

Roth IRA

Enjoy tax-free withdrawals in the future.

While a traditional IRA may yield an upfront tax break, a Roth IRA hands you that perk when you’re ready to retire.

Coverdell Education Savings Account

Save for college.

Like a 529, withdrawals from this account 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.

Term Notes

Earn a stream of fixed-income.

LCEF term notes are all about your choices. Choose from various fixed and floating interest rates with different durations. Interest is compounded and paid quarterly (March, June, September, and December).

Jumbo IRA

Grow your wealth.

Jumbo term notes are a unique financial instrument that requires a higher deposit ($100,000) in return for locking in on elevated interest rates, thereby enhancing the overall returns on your investment.

LCEF offers both fixed and floating rates. The floating rate is an adjustable rate that allows deposits.

Dedicated Savings

Access your money easily.

Not sure about which term to choose? Need ready access to your funds but still want a solid return without the risk? Then an IRA dedicated savings account with LCEF may be just what you need.


How to open an LCEF IRA

Ready to join thousands of investors who share your Lutheran values and love for the church?

Visit, and in just a few minutes, you’ll be part of a group of select Lutherans whose investments are helping to support, strengthen, and sustain LCMS ministries.

An investment that goes beyond financial gain?

Indeed. At LCEF, your investment earns a competitive interest rate while supporting Lutheran Church—Missouri Synod (LCMS) workers, churches, schools and organizations. LCMS ministries use our low-cost loans to expand, renovate and launch new ministries.

Think of it as Lutherans helping Lutherans.

Consulting Your Tax Advisor

Neither LCEF nor its representatives give legal, accounting or tax advice. We always suggest that you consult with your tax advisor regarding the applicability of this information to your own situation. For assistance in completing the necessary forms or if you have any questions, please call 800-843-5233. UMB Bank n.a. serves as the custodian of the LCEF IRA/HSA.