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Individual Retirement Accounts

Helping You Retire The Way You Want

Traditional IRAs (Individual Retirement Accounts)

An IRA account holder with earned income may make yearly contributions up to the age of 70. Some individuals receive a non-refundable tax credit for contributions. Contributions to Traditional IRAs may or may not be deductible. Regardless of whether or not an IRA deduction is received for the contribution, the earnings generated on contributions to Traditional IRAs are tax-deferred. IRA holders do not include earnings from Traditional IRAs in income until the year a distribution is taken.

Traditional IRAs
Plan Funded By Contribution Limits Growth Distributions
Traditional IRA Individual for self $5,000 per year.
Additional $1000 catch-up contributions for those attaining the age of 50 before the end of the taxable year. Some contributions deductible.		 Tax-deferred Distributions generally taxable. Seek competent tax advice.
Traditional SEP IRA Employer on behalf of employee The lesser of $46,000 or 25% of the employee's compensation. Tax-deferred Distributions generally taxable. Seek competent tax advice.
Traditional Rollover IRA Rollovers from qualified plans Assets received from qualified plans. Tax-deferred Distributions generally taxable. Seek competent tax advice.

While there are numerous benefits to opening a Traditional IRA, a Roth IRA is an option for those investors who wish to receive tax-free qualified distributions. Unlike a Traditional IRA, Roth IRA contributions use after-tax dollars and income limitations apply. To learn more, please visit Scottrade's Roth IRA page.

Visit the Scottrade Retirement Center

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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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.