Self-directed IRAs from Scottrade
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 Individual Retirement Accounts (IRA)

  Save for the Future You

Whether you’re opening your very first retirement account or rolling over an existing account, it is quick and easy to open an IRA. We offer transparent pricing, a wide variety of investment choices and objective third-party research from Morningstar®, Market Edge® and Standard and Poor’s to help you make informed decisions and implement an investment strategy based on your specific financial goals.

 

Additionally, you’ll have access to extensive educational resources, interactive retirement calculators and intuitive trading tools to keep you on track. 

 

 

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Simplify and Consolidate

It can be easier to manage your investments if they’re all in one place. If you roll your old 401(k) or IRA into a new Scottrade account, we can help you take control of your retirement savings.

Scottrade offers both Traditional and Roth IRA rollover options. When you open a Rollover IRA, you will have access to a wide variety of investment choices including stocks, bonds, mutual funds and more—all while keeping the same tax status.  

We’ll even refund your transfer-out fees* when you roll over to a Scottrade IRA.

Tax-Deferred Savings


With no annual income limits, Traditional IRAs make it easier to set aside money (if the contribution is tax deductible). That money will continue to grow tax-deferred. Depending on your income and eligibility, you may also qualify for these contributions to be tax-deductible.

Scottrade offers Traditional IRAs with a variety of investment options including stocks, ETFs, bonds, mutual funds and more. To determine whether this is the right fit for you, read more about Traditional IRAs. 

Tax-Free Growth

Roth IRAs allow you to make after-tax contributions, while still letting the money grow tax-free.  Your contributions are not tax-deductible now, but you will enjoy tax-free growth if you make qualified withdrawals. This can give your more control over your future—especially because there are no Required Minimum Distributions (RMDs). There are income limitations on who can contribute to a Roth IRA, but even if you exceed the income limitations, you can consider converting a Traditional IRA to a Roth IRA.

With a self-directed Roth IRA at Scottrade, you can invest in stocks, bonds, mutual funds and more. To help decide whether this aligns with your retirement goals, familiarize yourself with Roth IRAs.

Employers, Employees, and the Self-Employed Investing Together 


If you are self-employed or own a small business of less than 25 people, a Simplified Employee Pension (SEP IRA) may be the right option for you and your employees. As the name suggests, these are generally simpler to set up and administer than the alternatives. One feature of a SEP IRA is that contribution limits could be higher than for a SIMPLE IRA.

SEPs offer tax-deferred features like Traditional IRAs, but extends them to the employer—because instead of the employee making contributions, the employer does. Find out more about SEP IRAs and see if they align with your retirement plan. 

Retirement Plans for Small Businesses 

If you’re self-employed or work for a small business, you may want to expand your retirement plan to include a SIMPLE IRA (Savings Incentive Match Plans for Employees). These accounts provide a simplified method for small business owners and employees to make contributions.  Plus, they qualify for an annual tax break ongoing tax-deferred compounding like a Traditional IRA.

I have a retirement plan at work, can I still open and contribute to an IRA?
I work for myself, or as an independent contractor, is there a self-employed IRA I can open?
Should I open an IRA now, or wait until I am more established in my career?
How much should I contribute to my IRA?
Are my IRA contributions tax deductible?
What are the tax benefits of opening an IRA account?
Can I open more than one IRA?
What's the difference between a Roth IRA and a Traditional IRA?
How do I choose the right IRA for me?
How do I fund my IRA account?
Can I convert my Traditional IRA to a Roth IRA or vice versa?
I have a 401(k) plan from a previous employer, are there any special 401(k) rollover rules I need to understand?
What are the steps for rolling over an existing IRA or 401(k) plan to my Scottrade IRA account? What forms do I need?
Can I withdraw money from my personal IRA plan while I am still working?
What are the income limits and 2013 contribution limits for a Roth IRA?
What are the income limits and 2013 contribution limits for a Traditional IRA?
 
I have a retirement plan at work, can I still open and contribute to an IRA?

You may open an individual retirement account even if you participate in an employer-sponsored retirement savings program, such as a 401(k). It is important to understand that there are IRA contribution limits, which may vary based on your individual situation.

Learn more about the different types of IRAs.

I work for myself, or as an independent contractor, is there a self-employed IRA I can open?

A SEP IRA is one choice for self-employed individuals who wish to save for their retirement. Depending on your financial goals and objectives, you may also want to review and consider other IRA plans, such as a Traditional or Roth IRA.

Scottrade's easy-to-follow IRA decision tree can also help you decide which plan best fits your needs.

Should I open an IRA now, or wait until I am more established in my career?

There is never a bad time to begin saving for your future, and understanding your savings potential can help you decide the best time to open your IRA based on your financial goals and needs. You can also review the stages of planning for retirement and learn strategies for maximizing your IRA in the Scottrade Knowledge Center.

Scottrade's retirement calculator shows how much you may be able to save by retirement based on when you begin making contributions to your retirement plan.  

How much should I contribute to my IRA?

Deciding how much to contribute to your IRA is a highly personal matter; however there are a number of questions you can ask yourself to help determine the best amount based on your anticipated retirement needs and goals.

Are my IRA contributions tax deductible?

An overview of IRA types will help you understand when taxes are assessed on your contributions, allowing you to choose the best plan for your financial situation. Scottrade's convenient IRA decision tree can also help you decide which plan best fits your needs.

What are the tax benefits of opening an IRA account?

Would you prefer to pay taxes on your IRA contributions at the time of the contribution or to defer your taxes until withdrawal? This is just one important question to ask yourself when choosing the best IRA for you.

Can I open more than one IRA?

Yes, it is possible to open more than one IRA plan, but it is equally important to understand that there are overall retirement funding contribution limits, which may vary based on your individual situation. A review of the your expected retirement needs, the types of IRAs as well as the most recent IRA contribution limits and regulations, will help you to determine the best course of action based on your unique needs.

What's the difference between a Roth IRA and a Traditional IRA?

The most noticeable difference between a Roth IRA and a Traditional IRA is that Roth IRA contributions are made with post-tax dollars, while a Traditional IRA defers payment of taxes until withdrawal. The IRA comparison calculator provides an overview of each plan, helping you to choose the one that works with your financial goals and retirement strategy.

How do I choose the right IRA for me?

Many self-directed traders and investors are looking for information on how to choose an IRA plan that works best with their individual retirement and investing goals. Scottrade's interactive IRA decision tree as well as our handy IRA calculator can help you determine the right account for your needs.

How do I fund my IRA account?

There are numerous ways to fund and invest in your IRA, including rolling over plans from a previous employer. Our IRA switch kit offers an easy-to-follow guide to help you open and fund your retirement plan.

Can I convert my Traditional IRA to a Roth IRA or vice versa?

An IRA conversion is possible, however, there are a number of questions you should consider before making the decision to convert your IRA, including tax considerations that may affect your choice.

While Scottrade can provide important information you need to help you choose your IRA based on your financial goals and anticipated needs, Scottrade does not provide tax advice. We encourage you to consult your tax advisor prior to making your final decision.

I have a 401(k) plan from a previous employer, are there any special 401(k) rollover rules I need to understand?

There are just a few steps you need to follow to transfer or roll over your 401(k) plan into your new or existing Scottrade IRA account. The first step is to open an account, then just follow the simple steps to request an electronic funds transfer to your account. Scottrade will notify you once we have received and processed your transfer, and we'll even reimburse up to $100 in transfer out fees charged by your previous institution*.

If you have any questions, refer to our helpful IRA switch kit , or get free, friendly assistance via online chat, over-the-phone or at one of more than 500 local branch offices.

What are the steps for rolling over an existing IRA or 401(k) plan to my Scottrade IRA account? What forms do I need?

Rolling over your existing IRA into the Scottrade IRA of your choice is easy, just follow the simple steps outlined in our handy IRA switch kit . If you have any questions or need assistance, friendly, knowledgeable Scottrade associate is available to help through online chat, over-the-phone or at one of our 505 local branch offices.

Can I withdraw money from my personal IRA plan while I am still working?

Depending on the type of IRA you choose, you may be able to withdraw funds from your IRA without penalty for certain expenses, including the purchase of a home and qualified educational expenses. If you anticipate you may want to withdraw funds prior to retirement, you will want to ensure that you carefully review and understand the potential penalties or tax ramifications prior to choosing and funding your IRA.

What are the income limits and 2013 contribution limits for a Roth IRA?

For 2013, contributions are limited to a maximum of $5,500 or $6,500, depending on your age. More information can be found in our Knowledge Center article on Roth IRA Contributions.

What are the income limits and 2013 contribution limits for a Traditional IRA?

For 2013, contributions are limited to a maximum of $5,500 or $6,500, depending on your age. More information can be found in our Knowledge Center article on Traditional IRA Contributions

 
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Learn More About IRAs

How to rollover a 401(k) to an IRA

4 Steps to Rolling Over an IRA

Thinking about rolling over to an IRA? Here are simple steps that can help.

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Why roll over old 401(k) to an IRA

Have an Old 401(k)? Why You May Want to Roll It Over

Considering what to do with your old 401(k)? Here are three reasons why you may want to roll it over to an IRA.

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Before making any rollover decisions, investors should research and consider all available retirement options carefully. Your decision should reflect consideration of various factors, including the benefits and penalties involved. Some of these factors include, but are not limited to, investment or account related fees and expenses, differing levels of service available, withdrawal penalties, creditors and legal protections, required minimum distributions, and factors related to owning employer stock. The importance of these factors will vary depending on your individual needs and circumstances. Tax consequences may vary depending on state law and your individual situation. Scottrade does not provide tax advice. Please consult your tax or legal advisor for questions concerning your personal tax or financial situation.

*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.