Contributions are pre-tax dollars (tax-deductible), but latter withdrawals for retirement are to be taxed. This is an excellent way to increase your tax-deferred savings.+ Compare Traditional and Roth IRAs
If you expect to be in a higher tax-bracket later in life, a Roth IRA account might be more suitable. These contributions are already taxed (not-tax-deductible), but earnings and qualified withdrawals are tax-free.
Move your funds from one retirement account to another. By directly rolling over assets from your employer-sponsored retirement plan into an IRA Rollover, you'll defer your tax liability and may be able to completely avoid penalties.
Terms & Conditions
Free Trade Commission Promotion
This offer applies to NEW customers who open their regular investment accounts or IRAs (Traditional IRA, Roth IRA, and Rollover IRA) with Firstrade, excluding Partnership, Corporate, Investment Club, ESA Education Planning Account, and Custodial Accounts. You must use promo code FREECOMM when opening the account. Offer valid from 02/22/2017 to 05/15/2017.
To receive $100 free trade commission, the account must be funded at least $1 within 30 days of account opening.
To receive $500 free trade commission, the account must be funded with $500 or more within 30 days of account opening.
To receive $1,000 free trade commission, the account must be funded with $5,000 or more within 30 days of account opening.
The commission credit takes 1 business day from the funding date to be applied. The commission credit covers stock/ETF (priced above $1.00) or options trade executed within 60 days of funding the new account, excluding options per contract commission, exercise and assignment fee. You will not receive cash compensation for any unused free trade commissions. Trades executed in multiple lots on the same day are charged a single commission. Trades partially executed over multiple trading days are subject to commission charges for each trading day.
The account must remain open with the minimum funding or assets required for participating in the offer for 12 months, or Firstrade may charge the commission credit awarded to the account.
Offer is not transferable and not valid with internal transfers, or current Firstrade accounts. Limit one offer per account type.
These terms are effective starting Firstrade reserves the right at its sole discretion to terminate this offer without prior notice.
All investments involve risk, including loss of principal invested. Past performance of a security does not guarantee future results or success. Market volatility, volume and system availability may delay account access and trade executions. Options involve risk and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading privileges are subject to Firstrade's review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.
Account Transfer Fee Rebate
This offer applies to Firstrade regular investment accounts and IRAs (Traditional IRA, Roth IRA, and Rollover IRA), excluding Partnership, Corporate, Investment Club, ESA Education Planning Account, and Custodial Accounts.
The account must remain open for 12 months with the minimum funding or assets required for participating in the offer — if your account assets fall below $2,500 due to withdrawals or outgoing transfers, Firstrade may reverse the transfer rebate at the time of withdrawal.
Offer valid from 01/09/2017 to 05/15/2017.
Firstrade reserves the right at its sole discretion to terminate this offer without prior notice. This is not an offer or solicitation in any jurisdiction where Firstrade is not authorized to conduct securities transactions.