Individual Retirement Accounts (IRA)
Fund Your Future One Click at a Time
Looking to open your first IRA or to rollover retirement assets from a previous employer's 401(k) or IRA held elsewhere? Considering the tax advantages of different IRA types? Whatever your retirement investing objectives, Scottrade provides a range of no-fee1, no minimum balance IRAs, as well as online research tools, interactive retirement calculators and educational resources to help you choose the IRA that best fits your retirement strategy.
Take Control of Your Retirement Strategy
Did you remember to move your retirement savings after you left your last job? When you roll your IRA into a new Scottrade account, you get control of your retirement strategy and much more.
Tax-Deferred & Tax-Free Options
Scottrade offers tax-deferred and tax-free IRA rollover options, letting you take advantage of a wide range of mutual funds, stocks, bonds and ETFs, including thousands of commission-free investments2, while maintaining the tax status of your IRA.
Rolling over is easy – Scottrade does not charge transfer, set-up or maintenance fees and free one-on-one assistance is available if you have any questions about moving or consolidating your plans. Plus, Scottrade will even refund up to $100 in other broker transfer fees* when you rollover to a new Scottrade IRA.
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Tax-Deferred Earnings & No Fees
A Traditional Individual Retirement Account (Traditional IRA) presents both tax advantages and investment opportunities for qualified individuals. With a Traditional IRA, your earnings are not only tax-deferred, qualified individuals’ contributions are also tax-deductible.
Investing in a Traditional IRA
Take control of funding your future retirement by choosing your own investment vehicles within Traditional IRAs, and enjoy no set-up, termination or annual fees. Scottrade will even refund up to $100 in transfer fees* when you rollover an existing account.
If a Traditional IRA fits your investment strategy, we invite you to open a no-fee IRA account with Scottrade today to help prepare for your tomorrow. Not sure if it’s the right time to start saving for your retirement? This interactive cost of waiting calculator compares the growth potential of your savings.
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Investing in a Roth IRA
Looking for a tax-free way to grow your retirement savings? Prefer more control over future account withdrawals? Choose your own investments with no mandatory withdrawal age and no set-up, annual or maintenance fees with a Scottrade Roth Individual Retirement Account (Roth IRA). Scottrade will even refund up to $100 in transfer fees* when you rollover an existing account.
Tax-free Growth & Tax-Free, Qualified Distributions
A Roth IRA differs from a Traditional IRA in that contributions to a Roth IRA are taken after-tax, which means your savings grow tax-free. Because the contributions have already been taxed, you can make qualified, typically tax-free withdrawals, even if your income or changes in the economy move you into a higher tax bracket.
Not sure if a Roth IRA aligns with your retirement planning objectives? Scottrade has interactive IRA comparison calculators to help you make an informed choice.
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Employers & Employees Investing Together
Are you a small business owner looking to provide retirement planning options for yourself and your employees? Or are you a self-employed individual considering your retirement planning options and strategies? Then a Simplified Employee Pension (SEP) IRA may be right for you. SEP IRAs offer the benefits of a traditional IRA while extending tax and other benefits to the employer as well. And, at Scottrade, you’ll pay no fees, and your SEP IRA contributions are immediately 100% vested.
Investing in a SEP IRA
Whether you are self-employed or an employer, an SEP IRA may match your retirement planning strategy. And, employers are allowed tax deductions on SEP IRA contributions made on behalf of each eligible employee, empowering employers to take control of their retirement investments while helping encourage their employees’ investment efforts as well.
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A Hassle-Free Retirement Plan for Small Businesses
Are you self-employed, or work for a small business with 99 employees or fewer? You don’t need to reduce your retirement expectations. Consider a Scottrade SIMPLE IRA (Savings Incentive Match Plans for Employees of Small Employers). This savings incentive match account is easy to set up and maintain. And you’ll enjoy the same tax benefits and investment compounding power of a Traditional IRA.
Already have a SIMPLE IRA with another custodian? Transfer it to Scottrade. You’ll enjoy a wide selection of investment choices, including thousands of commission-free investments. With Scottrade, it’s easy to roll over or convert a SIMPLE IRA to another form of retirement account, as long as employer contributions began at least two years ago.
Own a small business? Retirement benefits can be a key incentive for employee recruitment and retention. It may be time to establish a SIMPLE Plan with Scottrade. Administrative costs are low, and requirements are less complex compared to a 401(k). There are no annual reports for your company to file with the IRS and your employees are fully vested from day one. Plus, employers receive tax deductions for their contributions.
Key Advantages
• Employee Retention – SIMPLE IRAs make it easier to attract and keep valuable employees.
• Flexibility – Employees can prepare for retirement using an array of securities.
• Portability – If employees leave the company, all contributions go with them.
• IRS requirements for SIMPLE IRAs are less complex than other retirement accounts.
• Administrative costs are low compared to other types of IRAs.
• Conversion – With Scottrade, it’s easy to convert to another type of IRA if your team grows beyond 99 employees
Investing in a SIMPLE IRA
SIMPLE IRAs create an opportunity for people who work in small businesses to contribute to their retirement savings, as long as the company meets certain requirements. To qualify, the company must employ 99 or fewer employees who earn at least $5,000 per year. The company must contribute by matching each employee's contribution dollar-for-dollar up to 3% of each participating employee's salary. Or, they can make fixed contributions of 2% of each eligible employee's salary, whether or not the employee is enrolled.
One way SIMPLE IRAs differ from other employer-sponsored retirement accounts is that there are stricter rules regarding early withdrawals and tax-free rollovers compared to a different type of IRA. If the account hasn't been open for at least two years beforehand, you'll incur a 25% penalty on the amount taken out or moved, rather than the typical 10%.
Contact your local branch office to open a SIMPLE IRA
1Scottrade does not charge set-up, termination, inactivity or annual maintenance fees. Applicable transaction fees still apply.
2Select investments are commission free to those using Scottrade's online platforms. Other fees and charges may apply.
Terms & Conditions
*Scottrade will reimburse the account transfer fees up to $100 charged by another broker when you transfer your account with a value of $10,000 or more to Scottrade. You must apply for the fee reimbursement offer by completing and submitting a Scottrade Account Transfer Reimbursement Request form and a statement providing proof of imposed transfer fees. Account Transfer Reimbursement Request forms and proof of transfer fees can be mailed, faxed or personally delivered to your local Scottrade branch office. Reimbursement will be made to your account via a credit within 30 days of receipt of the Account Transfer Reimbursement Request form and proof of transfer fees. The transfer reimbursement does not currently have a termination date. However, Scottrade reserves the right to terminate this offer at any time without prior notice or extend the offer at its sole discretion. Void where prohibited.
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