Certificates of Deposit l IRA l Wealth Management

Individual Retirement Accounts

Traditional IRA
Supplement your pension and social security with a Traditional IRA from United Financial. As long as you are under age 70.5 and have earned income, you can contribute up to $5,000 or 100% of your earned income in 2008. If you’re age 50 or older, you can make an additional contribution of $1,000 for a total of $6,000. Plus, your funds are tax deferred and may be tax deductible. And, they are insured separately up to $250,000 by the NCUA. United Financial also offers IRA certificates or various term limits and potentially higher dividends. You may also directly transfer certain qualified retirement plan money to this account.

Roth IRA
With a Roth IRA, there is no age limit for required distributions. As long as you earn income, you can contribute up to $5,000 or 100% of your earned income in 2008. If you’re age 50 or older, you can make an additional contribution of $1,000 for a total of $6,000. You may also withdraw any contributions (deposits) you have made to this account at any time and for any reason - without being taxed or penalized. If you choose to withdrawal earnings (dividends), you are subject to penalty and tax unless you meet certain qualified distribution requirements. Roth IRA funds are insured separately up to $250,000 by the NCUA.

(Traditional and Roth IRA's certificates are available.)