IRA
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With an IRA from United Bank & Trust, you get secure, insured investment options with a low initial investment. Select a Traditional or ROTH IRA to help you meet your long-term financial goals.
Traditional
- Earnings are tax deferred until withdrawal
- Annual contributions of $7,000 ($8,000 if age 50 or older)
- Contributions may be tax deductible*
- Created for individuals who do not participate in employer-sponsored retirement plans
- Certain individuals who do participate in employer-sponsored retirement plans may still qualify
- Mandatory minimum distributions at age 73
*Contact your tax professional regarding deductibility.
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Roth
- Earnings are tax-free if certain rules are met*
- Annual contributions of $7,000 (8,000 if age 50 or older)
- Qualified distributions are not taxable*
- No mandatory minimum distributions
*Contact your tax professional regarding deductibility.
Stop by our main location to open an IRA that fits your investment goals today.
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