IRAs
Great options for your golden years.
Enjoy a future of financial comfort.
Everyone wants to save enough money to enjoy life in retirement. One way to make that happen is with a tax-advantaged Individual Retirement Account. The sooner you begin making contributions, the more time you have to reach your long-range goals. At United Bank, we offer both Traditional and Roth IRAs - plus solid advice on your savings and investment strategies.
Traditional IRAs
- Contribute up to $6,500 per year ($7,500 for those over age 50)
- You may be able to take a tax deduction each year you make a contribution*
- Annual interest and dividend income grows tax-deferred
- Penalty-free withdrawals may begin once you reach age 59 ½
- Check out our Traditional IRA Calculator to see how your savings can grow
Roth IRAs
- Contribute up to $6,500 per year ($7,500 for those over age 50)
- Annual interest and dividend income grows tax-deferred
- All qualified withdrawals after age 59 ½ are tax-free
- Withdraw contributions (but not earnings) at any time without penalty to purchase a home, pay for college costs or any other purpose.
- Contribution limits for tax year 2023
- Contribution limits for tax year 2024
- Required Distributions
Get Started
United Bank can guide you to Wealth Management Advisors to help manage your IRA and suggest investment options based on your time horizon, risk tolerance and available savings. We can also help you roll over funds from other retirement accounts, such as a 401(k) or Simplified Employee Pension (SEP) plans.
United Bank is a full-service financial institution serving customers in Middle Georgia.
*Consult your tax advisor before opening an IRA. This account is subject to IRS rules and regulations.
For more information about IRAs and the different options available, contact a United Bank IRA Specialist at 770.567.7211.