Roth IRA

If you meet certain income qualifications, you can use a Roth IRA to invest toward your retirement with tax-free earnings, with potential tax-free withdrawals in retirement.

Features & Benefits

  • After-tax contributions can grow tax-free for retirement
  • Tax-free withdrawals for retirement, provided certain conditions are met
  • No annual lifetime Required Minimum Distributions at any time
  • Distributions of earnings become federally tax-free after five years and the owner is age 59½
  • Distributions may be passed on to beneficiaries tax-free

Who Can Contribute?

  • Anyone, at any age with earned income or whose spouse has earned income
  • 2013 Maximum income: $127,000 (filing single) or $188,000 (filing joint)
  • 2014 Maximum income: $129,000 (filing single) or $191,000 (filing joint)

Minimum to Open

No minimum

Account Fees

Vary based on the way you choose to manage your IRA

Account Services

  • Custodial Services
  • IRS Form 1099-R tax reporting
  • Quarterly Statements

Ways to Manage Your IRA

PNC Investments offers two convenient ways to manage your IRA, giving you the comfort and control that's right for you.

PNC Brokerage Plus IRA

You prefer to manage some or all of your investments online with access to guidance from a PNC Investments professional when you need it.

Classic Investment
IRA

You prefer the guidance of a dedicated PNC Investments professional working on your behalf.

Features:
  • A team of support professionals available over the phone to provide support on transactions or help with questions
  • Access to a broad range of equities and Exchange Traded Funds (ETFs) for only $9.99 per online trade *
  • Access thousands of mutual funds including commission free No Transaction Fee (NTF) funds
  • View your account information online, including electronic statements and other account documentation
Features:
  • A team of support professionals available over the phone to provide support on transactions or help with questions
  • Based on your needs and goals, a PNC Investments professional will help you tailor a personalized plan from our wide product suite
  • View your account information online, including electronic statements and other account documentation
Related Links:

PNC Brokerage Plus IRA Fee Schedule

Online Account Access and Trading Agreement

PNC Investments FAQ

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Apply online in as little as 15 minutes

What you need to apply»

Related Links:

Classic Investment Account Fee Schedule

PNC Investments FAQ

 

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Contribution Limits

    2013   2014
Filing Single - Under 50   $5,500   $5,500
Filing Joint - Under 50   $11,000   $11,000
Filing Single - Over 50   $6,500   $6,500
Filing Joint - Over 50   $13,000   $13,000

Contribution Deadline

Contributions for a previous year can be made until the deadline for filing taxes for that year (without extensions). Contributions for 2013 must be made by April 15, 2014.

Contributions for 2014 must be made by April 15, 2015.

Contribution

The following chart shows the income limits for Roth IRA contributions. These limits are based on your Modified Adjusted Gross Income (MAGI). Consult your tax advisor to determine your specific limits.

Filing Single
2013
MAGI   Contribution
Less than $112,000   Full
$112,000 - $127,000   Reduced
Over $127,000   None
 
 
2014
MAGI   Contribution
Less than $114,000   Full
$114,000 - $129,000   Reduced
Over $129,000   None
 
Married, Filing Jointly:
2013
MAGI   Contribution
Less than $178,000   Full
$178,000 - $188,000   Reduced
Over $188,000   None
 
2014
MAGI   Contribution
Less than $181,000   Full
$181,000 - $191,000   Reduced
Over $191,000   None
 
Married, Filing Separately (and lived with spouse any time during year):
2013
MAGI   Contribution
$0   Full
$0 - $10,000   Reduced
Over $10,000   None
 
2014
MAGI   Contribution
$0   Full
$0 - $10,000   Reduced
Over $10,000   None
 

If you participate in an employer-sponsored plan, you can make contributions to a Roth IRA per the contribution limits outlined above. Consult your tax advisor to determine your specific limits.

Withdrawals

Contributions to a Roth IRA may be withdrawn penalty-free at any age. Earnings are subject to a 10% penalty if withdrawn prior to age 59½. After age 59½, earnings can be withdrawn tax-free provided the account has been open for 5 years.

Next Step Guide to Retirement

Answer a few questions, build a personalized checklist and get assistance on how to take your next steps.
Learn more

Calculators & Tools

Ways to Get Started

We can help you choose the account that's appropriate for you. Call today to schedule an appointment.

855-PNC-INVEST

  • By phone
    855-762-4683
    Mon - Fri: 8am - 7pm ET
    Sat: 9am - 4pm ET

  • Visit a Branch

  • Complete the contact form to have us contact you.

Need Help?

855-762-4683

  • Mon - Fri: 8am - 7pm ET
  • Sat: 9am - 4pm ET

* Additional fees and charges may apply. Please see fee schedule for complete details.

This material is meant to educate and not to provide legal, tax, accounting or investment advice. PNC and its vendors do not provide legal, tax or accounting advice. You should seek the advice of an investment professional to tailor a plan to your particular needs.

Important Investor Information: Brokerage and insurance products are:



Securities and brokerage services are provided by PNC Investments LLC, a registered broker-dealer and investment adviser and member FINRA, and SIPC. Annuities and other insurance products are offered by PNC Insurance Services LLC, a licensed insurance agency.

Bank deposit products and services provided by PNC Bank, National Association. Member FDIC.

PNC Investments LLC, PNC Insurance Services, LLC and PNC Bank, National Association are each affiliated with The PNC Financial Services Group, Inc.

What You Need to Apply

Opening an investment account online is easy and secure. And, you can complete an online application in as little as 15 minutes. Then you'll hear from an Investment Service Associate who will help you complete the process.

What you'll need to have on-hand in order to complete the application:

  • Your Social Security Number
  • An unexpired government-issued ID (U.S. Driver's License, State ID, U.S. Passport, U.S. Military ID)
  • Beneficiary Information:
    • Name
    • Date of Birth
    • Social Security Number

Please note that when opening a PNC Investment IRA account, the account is not FDIC-insured.

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Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each customer that opens an account. What this means for you: when you open an account, we will ask you your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying information.

Important Investor Information: Brokerage and insurance products are:
 

Securities and brokerage services are provided by PNC Investments LLC, a registered broker-dealer and investment adviser and member FINRA, and SIPC. Annuities and other insurance products are offered by PNC Insurance Services LLC, a licensed insurance agency.

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.