Individual Retirement Accounts (IRAs)

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

Get Up to $5,000

For a limited time, get a cash bonus when you fund a new or existing PNC Investments Managed Account.

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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).



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 »

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