| Minimum to Open | |
None |
None |
| Account Fees & Minimums | |
Vary based on investment choices |
Vary based on investment choices |
| Who Can Contribute | |
Anyone, at any age, with earned income or whose spouse has earned income |
|
| Contribution Limits - 2023 | |
Filing Single - Under 50: $6,500 Filing Joint - Under 50: $13,000 Filing Single - Over 50: $7,500 Filing Joint - Over 50: $15,000 |
Filing Single - Under 50: $6,500 Filing Joint - Under 50: $13,000 Filing Single - Over 50: $7,500 Filing Joint - Over 50: $15,000 |
| Tax Advantages | |
|
|
| Investment Products | |
|
|
| Distributions | |
|
|
Traditional IRA
None
Vary based on investment choices
Anyone, at any age, with earned income or whose spouse has earned income
Filing Single - Under 50: $6,500
Filing Joint - Under 50: $13,000
Filing Single - Over 50: $7,500
Filing Joint - Over 50: $15,000
- Contributions may be tax-deductible
- Earnings remain invested tax-deferred
- Taxes are due at the time of distribution/withdrawal
- Mutual funds
- Stocks
- Bonds
- ETFs
- Other
- Earnings and tax-deductible contributions are taxed as ordinary income when withdrawn after age 59½
- An annual Required Minimum Distribution must begin after age 73
Roth IRA
None
Vary based on investment choices
- Anyone, at any age, with earned income or whose spouse has earned income
- 2023 maximum income $153,000 (filing single) or $228,000 (filing joint)
Filing Single - Under 50: $6,500
Filing Joint - Under 50: $13,000
Filing Single - Over 50: $7,500
Filing Joint - Over 50: $15,000
- Contributions are made after-tax
- Earnings remain invested tax-free
- Qualified withdrawals are tax-free in retirement
- Mutual funds
- Stocks
- Bonds
- ETFs
- Other
- Earnings may be withdrawn after age 59½ tax-free, provided the account has been open at least 5 years
- Contributions can be withdrawn at any time without penalty
- No annual lifetime Required Minimum Distribution
How PNC Investments Does Business
Learn how PNC Investments does business, including our qualifications, business practices, fee schedules, and options for how you can work with us by reviewing our Client Relationship Summary, Overview of Products and Services and more. View Details »
Important Legal Disclosures and 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 and brokerage services as well as managed account advisory services to US based clients are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and Member FINRA and SIPC. Managed account advisory services for non-US based clients are offered by PNC Managed Account Solutions, Inc., a registered investment adviser. Annuities and other insurance products are offered through PNC Insurance Services, LLC, a licensed insurance agency.
PNC Investments, PNC Insurance Services and PNC Managed Account Solutions do not provide legal, tax, or accounting advice.
View the PNC Investments Business Resiliency Planning Customer Disclosure.
View Important Information About Order Routing and Execution.
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.
