Setting up IRA Accounts

Establish, Rollover, or Transfer an IRA Account to OptionsRoute

Traditional IRA

The limit for annual contributions to Roth and traditional individual retirement accounts (IRAs) in both the 2021 and 2022 tax years is $6,000, or $7,000 if you’re age 50 or older. However, there are restrictions that could affect how much you can contribute and what you can deduct on your tax return.

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.