Roth IRA at PFSB

At Perpetual Federal Savings Bank, we handle the paperwork so you can focus on what matters to you.


Roth IRA

Perpetual Federal Savings Bank can help you invest in your future with a Roth IRA.

  • Contributions are not tax deductible and growth could be tax deferred
  • Account holders are eligible to set aside after-tax income when:
    • The Roth IRA account has been open for at least five years
    • You are age 59½ or older
  • Available to everyone of any age that is earning income
    • The maximum amount you can contribute each year phases-out as your household income exceeds (2020):
    • If you are single, up to $124,000 or less
    • If you file jointly, up to $196,000 or less
  • There is NO annual required minimum distribution (RMD).
  • Contribution limits:
    • Up to age 50: $6,000
    • Age 50+: $7,000
  • Early withdrawal penalties
    • Withdrawals before age 59½ are subject to a 10% penalty in addition to any ordinary income tax that may be due

The Coronavirus Relief Bill was signed into law on March 27, 2020, and there are several provision with the bill that affect Roth IRAs.

A distribution to a Roth IRA participant under 59½ for a coronavirus-related reason will not be subject to the 10% early distribution penalty.

Roth IRA beneficiaries can suspend distributions in 2020.

Take advantage of our legendary customer service and contact us today!

Single Family, Owner-Occupied Mortgages

Perpetual Federal Savings Bank has been lending money to families in our community since 1878. 

Your loan will stay at Perpetual Federal Savings Bank, and we will service it for the life of the loan.


Investment Property Mortgages

Perpetual Federal Savings Bank has been the lending partner for entrepreneurial property owners in our community since 1878.

If you have investment properties that you would like to finance, our experienced local lenders can find the right solution for you. 


Mortgage Refinancing

Are you looking to lower your payment or your rate?

We have experienced local lenders. We offer 15 year and 30 year terms. 


Personal Customer Service

We have been proudly serving our community for over 140 years. We want to provide you our legendary, face to face customer service. We are here to help. Please contact us if you need any assistance.