Traditional and Roth IRAs that meet your needs and support your values.

How it Works

How It Works Diagram

Every dollar invested with CEP is assigned a mission — to empower ministry by funding church loans across the country. So while your retirement funds grow to benefit your family and future, they’re also used to enable Kingdom growth.

Additional Information

Types of IRAs

Traditional IRA:

Your contributions may be tax-deductible when you fund your Traditional IRA, so you’re saving pre-taxed dollars. Instead, you will pay taxes on the distributions when you draw on your account at retirement. You can contribute to a Traditional IRA whenever you like for as long as you are working. All your IRA money benefits from compounding interest, so your account grows faster while also advancing ministries throughout America.

Roth IRA:

Your contributions are not tax-deductible with a Roth IRA, because you are contributing funds you have already paid taxes on. However, you won’t pay taxes on qualified distributions when you withdraw funds at retirement. You can contribute to a Roth IRA whenever you like for as long as you are working.

Coverdell ESA:

CEP also offers tax-deferred investing for college expenses. Our Coverdell Education Savings Account (ESA) can be used for qualifying educational costs, while you invest to support ministry.

	Traditional/SEP	Roth	Coverdell Education Savings Account (ESA)
Contribution Limit:	Traditional: $7,000/year $8,000/year for age 50+ SEP: See tax advisor	$7,000/year $8,000/year for age 50+	$2,000 per child/year
Annual Custodial Fee:	$10	$10	$10
Eligibility:	Earned income from employment No age limit	Earned income from employment No age limit	Contributions can be made up until the age of 18
Tax Benefits:	Contributions may be tax-deductible You may qualify for a tax credit Money grows tax-deferred Withdrawals are taxed	Contributions are not tax-deductible Money grows tax-deferred Qualified withdrawals are not taxed	No tax deductions Qualified withdrawals are tax-free Money grows tax-deferred
Withdrawals:	Allowed at age 59 ½ RMDs begin at age 73 Early withdrawals may incur tax penalties Transfers and rollovers are not taxable	Allowed at age 59 ½ IRA must be established for 5 years No RMD Early withdrawals may incur tax penalties Transfers and rollovers are not taxable	Allowed for qualified education expenses before age 30 Other withdrawals may incur tax penalties Transfers and rollovers are not taxable

Transfer/Rollover to CEP