Roth IRA

If you’ve earned income below a certain threshold set by the IRS, a Roth IRA may be an appropriate choice.

Open an Account

Key Features and Benefits

A Roth IRA offers long‑term flexibility when planning for retirement, especially for people who value more control over how and when their funds are used later on.

Tax-free Growth

Earnings remain invested tax-free for retirement, and distributions are tax-free after 5 years and age 59½

Flexible Access

Contributions can be withdrawn at any time without penalty, and there are no lifetime Required minimum distributions (RMDs)

Income Potential

May be more appropriate for those taxed at a lower rate now versus in retirement

Overview

Account Highlights

  • Though contributions are made after-tax, earnings remain invested tax-free for retirement
  • Funds can be distributed tax-free in retirement; there is no tax on qualified distributions after age 59½, provided the account has been open for five years
  • Contributions can be withdrawn at any time without penalty
  • May be more appropriate for those with growing income potential (who may be taxed at a lower rate now versus in retirement)
  • Distributions may be passed on to beneficiaries tax-free
  • No lifetime Required minimum distributions (RMDs)

Eligibility

Anyone with earned income or whose spouse has earned income (below the stated limit) can contribute to a Roth IRA

  • 2026 maximum income: $168,000 (filing single) or $252,000 (filing joint)

Contribution Limits[1]

2026 - Under 50
Filing Single $7,500
Filing Joint $15,000
2026 - 50 and over
Filing Single $8,600
Filing Joint $17,200

 

Contribution Deadline
Contributions for a previous year can be made until the deadline for filing taxes for that year (without extensions)

Income Limits for Roth IRA Contributions

Your income determines how much you’re able to contribute to a Roth IRA. These limits are based on your Modified Adjusted Gross Income (MAGI). Consult your tax adviser to determine your specific contribution allowances.

Married, Filing Joint: 2026

MAGI Contribution
Less than $242,000 Full
$242,000 to $252,000 Reduced
Over $252,000 None

Filing Single: 2026

MAGI Contributions
Less than $153,000 Full
$153,000 to $168,000 Reduced
Over $168,000 None

Married, Filing Separately: 2026
(and lived with spouse any time during year)

MAGI Contribution
$0 Full
$0 - $10,000 Reduced
Over $10,000 None

Withdrawals

Contributions to a Roth IRA may be withdrawn penalty-free at any age. Earnings generally cannot be withdrawn prior to age 59½ without being subject to a 10% penalty. After age 59½, earnings can be withdrawn tax-free, provided the account has been open for five years.

Convert Your Traditional IRA to a Roth IRA

Call 1-855-PNC-INVEST for help in deciding whether a Roth Conversion is appropriate for you.

A Roth Conversion allows you to take money in your Traditional IRA and move it into a Roth IRA. Generally, you’ll owe taxes on the amount of money you convert. However, qualified withdrawals from a Roth IRA can be made tax-free. This may result in significant tax savings in the long run.

Convert Your Traditional IRA to a Roth IRA

A Roth Conversion allows you to take money in your Traditional IRA and move it into a Roth IRA. Generally, you’ll owe taxes on the amount of money you convert. However, qualified withdrawals from a Roth IRA can be made tax-free. This may result in significant savings in the long run. Consult your legal or tax adviser on this opportunity and your individual tax situation.

Call 855-762-4683 for help in deciding whether a Roth Conversion is appropriate for you.

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