Effectively preparing for retirement is an essential step to ensuring a secure financial future. A Peoples Bank Wealth Management Officer 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.
The Wealth Management Group at Peoples Bank offers retirement benefit plans to satisfy your unique financial goals.
Accounts from other financial institutions can also be combined into one IRA with Peoples Bank. 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.
Defer pretax dollars for retirement, up to certain annual limits, and let funds grow tax-deferred until withdrawn.
Save after-tax dollars for retirement, and earnings will grow tax-free and qualified withdrawals will not taxed.
Qualified Retirement Plans for Business
If you’re a small business owner, the Wealth Management Officers at Peoples Bank 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 Management Officer can share more information about:
- 401(k) Plans
- Profit Sharing
- Simple IRAs
- SEPs (Simplified Employee Pension Plans)
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