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Scottrade Products & Services

Individual Retirement Accounts (IRAs)

No setup fees... no annual fees... no termination fees. Our IRAs provide a hassle-free way to save for the future.

You can open a new IRA or transfer your existing IRA from another brokerage firm to us. We offer a Traditional IRA, Roth IRA or a Rollover IRA. Once you open an account and choose the IRA product that works best for you, our easy-to-use online tools make managing your account simple. If you have questions about our IRA products or services; our customer service associates are available by phone (800) 619-SAVE, or you can visit a local branch office.

It's never too late to plan for your future - open an IRA today.
Visit the IRA Center for additional information about our IRA products and services.

Available Scottrade no-fee IRAs

Standard IRAs

Traditional IRA

  • Contributions
    2007 - $4,000 per year ($5,000 if age 50 or older)
    2008 - $5,000 per year ($6,000 if age 50 or older)
  • Some contributions are deductible
  • Tax-deferred earnings
  • Distributions are generally taxable
  • No income limits

Roth IRA

  • Contributions
    2007 - $4,000 per year ($5,000 if age 50 or older)
    2008 - $5,000 per year ($6,000 if age 50 or older)
  • Nondeductible contributions
  • Tax-deferred earnings
  • Tax-free qualified distributions
  • Eligibility varies depending on income level

Conversion IRAs

Rollover IRA

  • Rollovers are accepted from qualified plans such as an employer sponsored plan like a 401K or an existing IRA from another brokerage company
  • Contributions are assets received from the qualified plan
  • Tax-deferred earnings
  • Distributions are generally taxable

This information is not intended to be legal or tax advice. Please consult a tax, legal, or financial professional with questions.

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Brokerage Products and Services offered by Scottrade, Inc. – Member FINRA and SIPC.

No information on this web site should be considered a recommendation or solicitation to invest in a particular security or type of security.

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses are available through our trading site or through a Scottrade branch office. The prospectus should be read carefully before investing.

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Scottrade's margin agreement is available on our web site and at our branch offices; and contains the Margin Disclosure Statement and information on our lending policies, interest charges, and the risks associated with margin accounts. Options are not appropriate for all investors. Detailed information on our policies and the risks associated with options can be found in Scottrade's Options Application and Agreement, Brokerage Account Agreement, and Characteristics and Risks of Standardized Options (available from your local branch office or here). All option accounts require prior approval by Scottrade.

Market volatility, volume, and system availability may impact account access and trade execution.

Testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.