WesBanco has master retirement plans for corporations and self-employed individuals. Our experienced staff is able to advise you and your company about the benefits of different plan options to select a retirement plan that best suits your needs. We offer the full range of corporate retirement plans including defined benefit plans, profit sharing plans, 401-K, 403-B, and SEP IRAs.
Retirement asset management is key to realizing your retirement goals. We offer access to a wide array of mutual funds and separately managed accounts. Through a disciplined, active investment approach, we are able to design a portfolio strategy that will achieve your objectives.
We can help you create the right Individual Retirement Account (IRA) to meet your needs. Our administrators can walk you through the differences and benefits of a Traditional IRA and a Roth IRA.
Contributions to a Traditional IRA may be deductible from your current taxable income. You may withdraw money from your Traditional IRA at any time, and the taxable portion of that withdrawal will be taxed as ordinary income. Taxable amounts you withdraw prior to age 59 ½ may be subject to the IRS 10% early distribution penalty. Traditional IRA account funds may be invested in bank products or non deposit products as directed by the accountholder.
Contributions to a Roth IRA are not deductible from your current taxable income, but if the funds are distributed in a qualified distribution, they are nontaxable. This means the earnings on the Roth IRA are generally nontaxable also. Roth IRA account funds may be invested in bank deposit accounts or in non deposit products as directed by the accountholder.
WesBanco Bank, Inc. is a Member FDIC. Individual Retirement Accounts and Certificates of Deposit may be invested in insured deposits, or non-deposit investment products. Non-deposit investment products are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by any bank or any affiliate, and are subject to investment risks including the possible loss of the principal amount investment.