IRAs
An Individual Retirement Account or IRA gives you the opportunity to set aside money for retirement now. In a traditional IRA, you don’t pay taxes until the money is withdrawn at retirement age. Talk to a First United retirement specialist for more details.
- Make pre-tax contributions now that may be tax-deductible*
- Your balance grows tax-deferred
- Only pay taxes upon disbursement
- Invest your balance in mutual funds or other investment vehicles
- Annual contribution limits may apply
Disclosures
*Consult your tax advisor. Some retirement options are not FDIC insured, are not insured by any government agency, and may involve investment risk including possible loss of value.