IRA Information Center
An Individual Retirement Account (IRA) can be an excellent way to save for or get income during retirement. It offers tax advantages that other savings options don't.
How it Works
With an IRA, you can choose from a variety of investments, such as mutual funds, stocks, bonds, annuities and certificates of deposit (CDs).[1]
Choosing the right IRA
We can help you understand your options. Whether you're changing jobs, participating in more than one retirement plan, or getting ready to retire and want the security of guaranteed income, we'll find the IRA that's right for you.
- Principal Rollover ChoiceSM IRA: Changing jobs? Participating in more than one retirement plan? Save time and keep your money growing tax-deferred.
- Traditional IRA: Invest tax-deferred. You can deduct contributions on your current year's tax return. Plus, you don't have to pay taxes on earnings until they are withdrawn.[2]
- Roth IRA: Make tax-free withdrawals on earnings when meeting certain requirements. (Contributions are made on an after-tax basis.)
Is converting to a Roth IRA right for you?
Learn about the advantages of converting to a Roth IRA
- [1]
- CDs offered by Principal Bank (Member FDIC)
- [2]
- Consult your tax advisor for eligibility guidelines.
