Setting up IRA Accounts

Establish, Rollover, or Transfer an IRA Account to OptionsRoute

Account types including Traditional, Roth, Rollover, and Educational IRAS.

Getting started is easy. Fill out the standard new account application online. After you submit your application, you will be emailed a link to the designated beneficiary form.  Complete the designated beneficiary form and email it back to us.

Your IRA Brokerage account will then be established and an account #number issued.

Traditional IRA

A Traditional IRA is a tax-deferred retirement account for an individual that permits individuals to set aside up to $4,000 per year ($4,500 if over 50), with earnings tax-deferred until withdrawals begin at age 59 1/2 or later (or earlier, with a 10% penalty). Only those who do not participate in a pension plan at work or who do participate and meet certain income guidelines can make deductible contributions to an IRA. All others can make contributions to an IRA on a non-deductible basis. Such contributions qualify as a deduction against income earned in that year and interest accumulates tax-deferred until the funds are withdrawn. Margin trading is not available. 

Ready to Get Started? Click Here to Apply for a New Account.

SEP IRA

The SEP-IRA (Simplified Employee Pension Plan) is a retirement plan for small businesses with any number of employees, but typically opened by sole proprietors with no employees. Available to sole proprietors, partnerships, corporations including sub-chapter S corporations, non-profits, and government agencies. 

Forms needed: Account Application, IRA Application

  • Employers make all contributions to plan.
  • Contributions are immediately vested.
  • Employees direct the investments within their individual SEP-IRAs.
  • Margin trading is not available.

Ready to Get Started? Click Here to Apply for a New Account.

Rollover IRA

A Rollover IRA is a tax-free reinvestment of a distribution from a qualified retirement plan into an IRA or other qualified plan within 60 days. Margin trading is not available. 

Forms needed: Account Application, Regular IRA Application

Ready to Get Started? Click Here to Apply for a New Account.

Roth IRA

A new type of IRA, established in the Taxpayer Relief Act of 1997, which allows taxpayers, subject to certain income limits, to save for retirement while allowing the savings to grow tax-free. Taxes are paid on contributions, but withdrawals, subject to certain rules, are not taxed at all. Margin trading is not available. 

Forms needed: Account Application, Roth IRA Application

Ready to Get Started? Click Here to Apply for a New Account.