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Roth IRA

Take control of your financial future.

A Roth IRA allows you to invest your after-tax dollars today, let the investment grow tax-deferred until retirement, then withdraw your principal and earnings tax-free after five years. (You may be subject to income taxes and a 10% penalty on the earnings if withdrawn before age 59 1/2.)

Roth IRAs offer:

  • Tax-free retirement income. Contributions are not deductible, but earnings grow tax-free.
  • Higher income ceiling for contributions than Traditional IRA
  • Contributions allowed in addition to your 401(k) plan
  • No requirement to begin distributions at age 70 1/2
  • Ability to withdraw contributions without penalty at any time and to withdraw earnings after five-year holding period based on age or special circumstances, such as buying a first home, disability, age 59 1/2 or death

Facts about Roth IRAs:

  • If you are employed and have earned income, you can make contributions to a Roth IRA, even after turning age 70½.
  • Since no annual required minimum distributions apply during your lifetime, you can let your savings accumulate tax free much longer — and on your schedule.
  • You must meet income limits to make contributions 

Is a Roth IRA right for you?

Open an Account

  • Call 215-934-3500 or 800-832-PFCU (outside the metropolitan area).
  • Stop by a branch location.
  • Not a member yet? Join us!