No service or strategy described here, will prevent the realization of taxable gains from your investments. The services or strategies seek to minimize the current impact of taxes on your account but will not eliminate the eventual realization of imbedded gains from your account. Frequent withdrawals from your account will increase the likelihood of the realization of taxable gains from your account. Additional fees, commissions, or trading charges related to tax management services or strategy may apply. There is no assurance that the benefits of tax management services or strategies will exceed applicable fees, commissions, or trading charges in any given year.
Tax-Deferred Investments
with PNC Wealth Management
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 investing 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 Wealth Management
Neither PNC Wealth Management 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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