A traditional IRA allows you to make contributions with money you may be able to deduct on your tax return. Earnings potentially grow tax-deferred until you withdraw them in retirement.
OPEN AN IRA
Why choose a Firstrade Traditional IRA?
- No account fees or minimum to open an account
- Earnings can grow federal tax-deferred
- Get guidance choosing from a wide range of retirement income planning options
- $0 commission fees
Traditional IRA Rules
|Eligibility Requirements||Anyone with earned income may contribute up to the age of 72 yrs.|
|Contribution Limits Per Year||
$7,000 if age 50 or older
* 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.