Get a Roth IRA with Firstrade to make contributions with money on which you've already paid taxes. Withdraw your contributions tax-free and penalty-free at any time, provided you meet certain conditions.
OPEN AN IRA
Why Get a Roth IRA With Firstrade?
- No account fees or minimum to open an account
- Earnings and withdrawals can potentially be tax-free
- Get guidance choosing from a wide range of retirement income planning options
- $0 commission fees
Roth IRA Rules
Your income impacts how much you can contribute. To make a full contribution, you must have a Modified Adjusted Gross Income:
For tax year 2020:
Single: Less than $124,000
Married filing jointly: Less than $196,000
|Contribution Limits Per Year||
$7,000 if age 50 or older
Roth Conversion (converting a Traditional IRA to a Roth IRA) is available.*
* Subject to certain restrictions. Please consult with your tax advisor.
Learn about IRAs
Learn about the basics of retirement income planning, from types of accounts available to taking minimum required distributions (MRDs).
Considering a Roth IRA conversion?
See how a Roth IRA conversion might work for you.
How to rollover an old 401(k) to Firstrade
Step-by-step guide on how to rollover an old 401(k) to Firstrade.