IRAs in WV and VA
While retirement may seem like a distant dream, the truth is, time passes more quickly each day. Start saving now while you're still earning income.
An IRA offers tax-advantages.* We offer many types of accounts to meet the different financial needs of our customers. A PCB representative will be happy to discuss each plan and help you choose the one that's right for you.
- Tax-advantaged* way for those age 70½ and under to save for retirement
- Plan ahead for your golden years while you're still earning income
- Earn competitive interest rates
- Choose the account plan that's right for your financial goals
- Traditional and Roth IRAs available
- Annual contribution limits apply
- "Catch-up" contributions allowed for those age 50+
- FDIC insured up to $250,000
*Consult your tax advisor.
Traditional IRA
- Exclusive to those age 70½ and under
- Contributions are tax deductible*
- Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
- Withdrawals can begin at age 59½
- Early withdrawals subject to penalty**
- Mandatory withdrawals at age 70½
*Consult with a tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.
Roth IRA
- Income limit requirements to open
- Contributions are NOT tax deductible
- Earnings are 100% tax free upon withdrawal*
- Withdrawals can begin at age 59½
- Early withdrawals subject to penalty**
- No mandatory distribution age
*Consult your tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.