Individual Retirement Accounts (IRAs)

Do More for Your Retirement With a PNC Investments Tax-advantaged IRA


Note: The Coronavirus Aid, Relief, and Economic Security Act or CARES Act, waives required minimum distributions for calendar year 2020. In some cases, the CARES Act also allows for certain coronavirus-related distributions in 2020 for those who meet eligibility requirements. Please contact your PNCI Financial Advisor to discuss your situation.
Read How the CARES Act Affects Individuals »

Why IRAs?

No matter how near or far off your retirement is, the tax advantages of an Individual Retirement Account can be too great to pass up. Using both an IRA and an employer-sponsored plan (such as a 401(k) if you have access to one) provides the opportunity to invest more for your retirement.

Traditional IRA
If you have earned income, a Traditional IRA may be right for you.
  • Immediate tax advantages; contributions may be tax-deductible and earnings remain invested tax-deferred
  • Taxes are due at the time of distribution/withdrawal
  • No maximum income limits for eligibility

Roth IRA
If you’ve earned income below a certain threshold set by the IRS, a Roth IRA may be right for you.
  • Though contributions are made after-tax, earnings remain invested tax-free
  • Withdrawals are tax-free in retirement; there is no tax on qualified distributions after age 59½
  • May be more appropriate for those with growing income potential (who may be taxed at a lower rate now versus in retirement)

When Leaving an Employer
If you're changing jobs or retiring, be sure to consider the assets you've accumulated in your employer-sponsored plan, such as a 401(k) plan.

There are four different actions you can take with assets invested via a previous employer’s retirement plan. These include leaving the assets where they are, moving the assets to a new employer’s plan, cashing out, and rolling the assets over to a Traditional or Roth Individual Retirement Account (IRA).

Important Legal Disclosures & Information

This material is meant to educate and not to provide legal, tax, accounting or investment advice. PNC Investments and its affiliates and vendors do not provide legal, tax or accounting advice.

Important Investor Information: Brokerage and insurance products are:

Not FDIC Insured • Not Bank Guaranteed • Not A Deposit
Not Insured By Any Federal Government Agency • May Lose Value

Securities products, brokerage services and managed account advisory services are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and member FINRA, and SIPC. Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency.

View the PNC Investments Business Resiliency Planning Customer Disclosure.

This document provides information on additional compensation that PNC Investments receives from certain mutual fund companies, 529 plan program managers and insurance companies.

This material does not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized or unlawful to do so.

PNC Investments does not guarantee the performance of any investment. Investing results may vary. Investments may lose money. Diversification and asset allocation may not prevent a loss of investment.

PNC Investments LLC, PNC Insurance Services, LLC and PNC Bank, National Association are each affiliated with The PNC Financial Services Group, Inc.

Bank deposit products and services provided by PNC Bank, National Association. Member FDIC.

Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.