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Tax-Deferred Investments
with PNC Investments
How It Works
Tax-deferral is a simple way of paying your taxes later rather than paying them now.
Tax-deferred accounts, like IRAs and 401ks, are an important part of any plan that is focused on saving for retirement in a tax-efficient manner. Generally, these types of accounts are funded with pre-tax dollars and grow tax-free until you withdraw the money, which is usually when you reach retirement age.
There are a few things that are generally true when looking at a tax-deferred account:
- Money goes into the accounts pre-tax and decreases an individual's taxable income.
- Funds cannot be taken out until a certain age is reached.
- There are penalties for early withdrawals.
- The accounts are especially useful when holding funds that generate a lot of gains, like actively managed mutual funds, or a lot of income, such as REITs.
Tax-Deferred Account Options
Tax-deferred accounts include:
Working with PNC Investments
Neither PNC Investments nor your Financial Advisor provide tax advice. You should review your tax situation with your own independent tax professional to fully evaluate how you may benefit.
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