ubt.com & Online Banking will be unavailable for maintenance 10/11/15 from 2-4am

30s — 50s Risk: Insufficient Savings

Many Americans today are not saving enough for retirement. In a recent survey conducted by Consumer Finances, 71% of people in this generation have saved less than $50,000 for retirement. The earlier you start saving, the better off you will be and the easier it will be to continue saving throughout your working years. By waiting a mere 10 years to save, you could be costing your retirement plan account balance hundreds of thousands of dollars.

Contribution Limits 2014 2013
401(k) / 403(b) / 457(b) Elective Deferrals $17,500 $17,500
Catch-Up Contributions $5,500 $5,500
Annual Defined Benefit Limit $210,000 $205,000
Annual Defined Contribution Limit (Section 415) $52,000 $51,000
Annual Compensation Limit $260,000 $255,000
Highly Compensated Employee Limit $115,000 $115,000
Social Security Taxable Wage Base $117,000 $113,700
The locations map may experience limited functionality in Internet Explorer 7 & 8. Please consider updating your browser.

Insurance and investment products: Not FDIC Insured - No Bank Guarantee - May Lose Value.