Individuals are able to set up a number of different types of IRAs on our platform, including the following:
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​Traditional IRA
A tax-deferred savings program that allows individuals to invest earned income in a retirement savings account. Traditional IRAs are the most common accounts individuals use to save for their retirement.
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​Roth IRA
Roth IRA contributions are not tax deductible. However once you are 59 1/2 and the account has been established for a minimum of 5 years, funds can be withdrawn tax-free at any time. Roth IRAs have additional qualification requirements, which you can find on the IRS's Roth IRA page.
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​SEP IRA
A Simplified Employee Pension (SEP) IRA allows self-employed individuals or small business owners employers with a way to make contributions to their employees' retirement.
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​SIMPLE IRA
A Savings Incentive Match Plan for Employees (SIMPLE) is a tax-favored retirement plan that employers can set up for their employees.
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​Rollover IRA
A Rollover IRA is a traditional IRA that is typically used by those who want to move retirement savings from an employer-issued 401(k) to another retirement plan.