Katahdin Trust Company

Individual Retirement Accounts

Individual Retirement Accounts

  • Traditional IRA
    You pay no tax on the earnings until they are withdrawn, and for many individuals contributions are tax deductible!
  • Roth IRA
    Designed for the individual concerned about being in a higher tax bracket at retirement, the Roth IRA is a nondeductible IRA that offers "tax-free distributions". In addition to retirement, Roth IRA funds can also be used for a first-time home purchase.