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IRA

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With an IRA from United Bank & Trust, you get secure, insured investment options with a low initial investment. Select the appropriate IRA product to help you meet your long-term financial goals.

Traditional 

  • Earnings are tax deferred until withdrawal
  • Annual contributions of $5,500 ($6,500 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 70 1/2

*Contact your tax professional regarding deductibility 

Roth

  • Earnings are tax-free if certain rules are met*
  • Annual contributions of $5,500 ($6,500 if age 50 or older)
  • Qualified distributions are not taxable
  • No mandatory minimum distributions at age 70 1/2

*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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