Make an informed decision about your financial plans for retirement.
One of the most important objectives for financial planning is to secure an enjoyable retirement. After years of hard work, raising a family, watching your children become independent, wouldn't it be nice to relax and reward yourself? Plan for retirement today and make the right investments. By the time you retire, you will have the peace of mind to catch up on all the things you've wanted to do over the years.
Firstrade is committed to helping our clients achieve a secure financial future through proper retirement planning. Our No-Fee IRA accounts cost nothing to setup, so you can start your Firstrade IRA account whenever you're ready, with any amount you wish. We offer a wide variety of products that combine growth and stability, such as Bonds, CDs, and Mutual Funds, ideal for long term investing. Start an IRA account with Firstrade today, and invest toward a comfortable retirement!
Individual Retirement Account (IRA)
Open a Traditional IRA, Roth IRA, SEP or SIMPLE IRA. Take advantage of the new Roth IRA income limitations by converting your Traditional IRA. Our IRAs have no additional fees and you can access contribution limit charts and other regulatory information right from our Retirement Section.
Retirement Planning Tools
The more you know about the power of investing and the impact that different decisions can have on your invested capital, the better off your financial plans for retirement will be. Our tools will help you understand the power of compounding returns and our calculators will help you find the best method for savings.
The Basics: Retirement 101
Learn about which retirement plans are best for you with these resources and articles:
Types of IRA
A retirement plan that allows you to save and enjoy tax savings now. A Traditoinal IRA account allows you to deduct all or part of your contributions from your taxable income. The investment earnings of your IRA are not subject to federal income tax until distributions (withdrawals) are made.
Creates flexible, tax-free retirement distributions from your after-tax contributions.
Avoid penalties by rolling over your IRA or other qualified retirement plan.
- SEP IRA
Save more than Traditional or Roth contributions allow. A Simplified Employee Pension (SEP) IRA allows an employer to make contributions for employees' retirement or personal retirement if self-employed.
A SIMPLE IRA allows employees and employers to contribute to Traditional IRAs set up for employees. It is suited for smaller employers not currently sponsoring a retirement plan.
College Financial Planning
A Coverdell Education Savings Account (ESA) is an account that helps you save money for the cost of elementary, high school or higher education on behalf of individuals under the age of 18. Your ESA accounts will grow free of federal taxes if you meet the requirements as stated by the Federal Government. For more detail, please visit the IRS website regarding these regulations.