Retirement Services

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.

Individual Plans

The Wealth Management Group at Peoples Bank 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 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.

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Defer pretax dollars for retirement, up to certain annual limits, and let funds grow tax-deferred until withdrawn.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

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)

NOT A DEPOSIT | NOT FDIC INSURED | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | NOT GUARANTEED BY THE BANK | MAY GO DOWN IN VALUE.