umb skin1 WCV Migrated Content Viewer

umb skin2 Actions

Traditional IRAs

The traditional IRA is a well-known means for providing people with tax-deferred retirement savings. A traditional IRA can be established to accept contributions up to the lesser of 100 percent of compensation or the Contribution Limit. IRA owners who will attain the age of 50 during the year can contribute an additional amount. (See table below.) The contribution limit for a traditional IRA must be reduced by Roth IRA contributions.

Year

Contribution Limit

Contribution Limit if over age 50

2015

$5,500

$6,500

2016

$5,500

$6,500

 For additional information regarding a traditional IRA, please visit the IRS website regarding this topic.

 

4

5

NOT FDIC INSURED - MAY LOSE VALUE - NO BANK GUARANTEE

umb skin1 Web Content Viewer

umb skin2 Actions

Pay your bills online. It saves you time and money.

umb skin1 Web Content Viewer

umb skin2 Actions

Protect yourself with these safety tips.