A Popular Way to
Save for Retirement

Start planning with a little help from Utah First

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A Popular Way to
Save for Retirement

Start planning with a little help from Utah First

Your contributions to a Traditional IRA are tax-deferred, and they earn compounding interest until you withdraw the money. You’ll pay taxes at the time of withdrawal, but you’ll pay less if you drop into a lower tax bracket after retirement.

  • Save up to $6,000 a year individually until you’re 72 years old
  • Save an additional $1,000 if you’re older than 50
  • Couples save up to $12,000 or $14,000 a year
  • Withdraw without penalties as early as 59 ½ years old

Contact Us to Get Started

 

Based on federal tax code, some members may not be eligible to participate. Consult with a tax professional before contributing to an IRA.