PIBC INVESTMENT SERVICES
A Cetera Investment Services Program

Individual Retirement Accounts ("IRA")

We understand that a preset retirement planning solution does not meet the needs of all of our clients. An individual retirement account (“IRA”) allows its holder to save money for retirement while benefitting from tax-free or tax-deferred growth.

Our Financial Consultants can provide assistance in selecting the right investments for your retirement. We are here to assist you in creating a long-term investment strategy using IRAs and other retirement-saving vehicles, to ensure you meet your goals. 

Different types of IRAs:

• Traditional IRAs: In a Traditional IRA, you make contributions with money you may be able to deduct on your tax return and any earnings can potentially grow tax-deferred until you withdraw them in retirement¹. 
• Roth IRAs: In a Roth IRA, you make contributions with money you’ve already paid taxes on (after-tax) and your money may potentially grow tax-free, with tax-free withdrawals in retirement, provided that certain conditions are met². 
• Rollover IRA: A Rollover IRA is a Traditional IRA intended for money to be “rolled over” from a qualified retirement plan. Rollovers involve moving eligible assets from an employer-sponsored plan, such as a 401(k) or 403(b), into an IRA. 
• SIMPLE IRAs: SIMPLE (Savings Incentive Match Plan for Employees) IRA is a type of Individual Retirement Account (IRA) set up as an employer-provided plan. It is an employer-sponsored plan, like better-known plans such as the 401(k) and 403(b) (Tax Sheltered Annuity plans), but offers simpler and less costly administration rules, as it is not subject to ERISA (Employee Retirement Income Security Act) and its associated regulations. 
• SEP IRAs: A SEP (Simplified Employee Pension) IRA is a type of traditional IRA for self-employed individuals or small business owners. Any business owner with one or more employees, or anyone with freelance income, can open a SEP IRA.
  

For more information on the unique features and benefits of IRAs, please call or visit your local branch to speak to one of our Financial Consultants to discuss the retirement planning strategy that is right for you.