Traditional IRAs
Take control of your retirement strategy
If you think tax-deferred earnings may be the right fit for your retirement plan, you might consider opening or rolling over to a Traditional IRA.
Traditional IRA Features |
|
Eligibility |
Individuals whose earned income equals or exceeds the amount of contributions |
Annual Maximum Contribution 2015
|
$5,500 or those age 49 and younger For more information, read Traditional IRA Contributions |
Investment Options |
You have access to a wide variety of investments including stocks, bonds, mutual funds and exchange-traded funds (ETFs) |
Support & Education |
Stay on track with our interactive retirement calculators and our free investment education Get personalized support from your local Scottrade team |
Traditional IRA Tax Advantages |
|
Contributions |
Contributions may be tax-deductible Read more about tax-deductible contributions |
Earnings |
Earnings grow tax-deferred |
Withdrawals |
Withdrawals prior to age 59 ½ may incur a 10% IRS penalty as well as income taxes Withdrawals after age 59 ½ are taxed as ordinary income |
Transparent Pricing |
|
Account Opening Fee |
$0 |
Account Maintenance Fee |
$0 |
Inactivity Fee |
$0 |
Online Trading Commission |
Starting at $7 per trade |
| Fees & Commissions | |
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.