If you’re looking for an easy way to build your retirement portfolio and want to defer paying taxes until after you retire, a Traditional IRA could be a good choice.
An IRA may be subject to an annual fee, and a fee may be assessed when an IRA is closed.
Annual contribution limits for your combined IRAs are adjusted periodically by the IRS. You can contribute up to $6,000 ($7,000, if age 50 or older) in 2021 and 2022.
Our Automatic Buy service allows you to make recurring contributions of at least $100 directly into your mutual fund accounts.
Log in to add or update automatic transactions.
Investing a consistent amount cannot assure a profit or protect against loss in a declining market. Since such a plan involves continuous investment in securities regardless of fluctuating price levels, investors should consider their financial ability to continue purchases through periods of low and high price levels.
If you are married and file a joint tax return, each spouse can make a contribution up to the current limit; however, your combined contributions can’t be more than the taxable compensation reported on your joint return.
You can take ownership of assets inherited from an IRA or employer-sponsored retirement plan, such as a 401(k), which can be rolled into your own IRA,** provided you are a spouse beneficiary.
Non-spouse individual beneficiaries of an IRA or an employer-sponsored retirement plan, such as a 401(k), can roll over their inherited retirement account assets into an Inherited IRA.
Inherited IRAs must be established through a direct trustee-to-trustee transfer. If the beneficiary receives the distribution directly from the IRA or retirement plan, the money is not rollover-eligible and may not be invested in an Inherited IRA.
For assistance, call 1-877-200-5503.