• Traditional IRA is a tax-deferred long term retirement plan for individuals with earned income under age 70 1/2. Up to $4000 may be contributed each year and all/or part of your contributions may be tax deductible.
  
• Roth IRA contributions are not tax deductible and you only pay taxes on the amount of your earnings at the time of withdrawal.  Individuals who qualify may contribute past age 70 1/2 and there are no required minimum distributions as with the Traditional IRA
  
• Rollovers and Transfers from a pension, profit sharing, 401 (k) retirement plan or tax sheltered annuity will retain the tax deferred status.
  

Contact one of our customer service representatives for more information regarding current interest rates and terms on a Peoples Community Bank IRA.