Individual Retirement Accounts are a great way to save for the future. United 1st offers Traditional, Roth, and Education IRAs. Dividends are paid quarterly to IRAs.
Did you know...when you leave your job or retire, you can keep the tax-deferred status of your qualified retirement plan by rolling it over into an IRA. (Conduit)
The funds in the IRA are accessible; however, until age 59 ½ there will be a 10% early distribution penalty unless you qualify for an exemption.
For more information contact us to speak to an IRA Specialist.
Annual contribution limits:
|Year||Under age 50||50 and Over|
|Traditional IRAs||Roth IRAs|
|Contributions can be tax-deductible||Contributions allowed at any age|
|Earnings tax-deferred||Qualified distributions can be tax-free|
Funds in an IRA at United 1st can open a certificate with a minimum of $500 and earn higher interest. Certificate terms offered 12, 24, and 36 months. Dividends are paid monthly.
Check out our current rates!
To read more about the IRA changes for 2020, click here.