Retirement Services

Effectively preparing for retirement is an essential step to ensuring a secure financial future. A Peoples Financial Group Wealth Advisor will work alongside you to develop a clear understanding of your situation before creating a realistic, individualized retirement plan that supports your personal plans, or the needs of your employees.

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Individual Plans

Peoples Financial Group offers retirement benefit plans to satisfy your unique financial goals.

Rollover IRA

Accounts from other financial institutions can also be combined into one IRA with Peoples Financial Group. If you will be receiving disbursements from a former employer’s 401(k) or another retirement savings plan prior to retirement, you can defer taxes on the money by transferring these funds into a Rollover IRA Account.

Traditional IRA

Defer pretax dollars for retirement, up to certain annual limits, and let funds grow tax-deferred until withdrawn.

Roth IRA

Save after-tax dollars for retirement, and earnings will grow tax-free and qualified withdrawals will not taxed. A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.

Qualified Retirement Plans for Business

If you’re a small business owner, the Wealth Advisors at Peoples Financial Group can assist you by administering your company’s retirement plan. Our financial advisors have valuable experience in managing and supervising qualified retirement plans, and can monitor your plan’s growth for maximum results from your investment. A Wealth Advisor can share more information about:

• 401(k) Plans
• Profit Sharing
• Simple IRAs
• SEPs (Simplified Employee Pension Plans)