Open an IRA

Open an IRA before April 15 for potential tax savings.

It's easy for you to open and fund an IRA. Whether you prefer investing on your own or want personal investment guidance, we have an option to fit your needs.

3 easy ways to open an IRA

Automated Investor

Open an IRA through our robo-advisor, Automated Investor, and take the time and guesswork out of investing for retirement. We invest, monitor and rebalance your portfolio for you and give you access to a financial professional whenever you need personal guidance. Available exclusively through U.S. Bancorp Investments. Learn about IRAs with our robo-advisor.

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Automated Investor is exclusively available to current customers.
Not a customer yet? We can help you get started quickly – just call 866-897-3929.

Self-directed brokerage

For a more hands-on investing approach, open a self-directed brokerage account. This lets you trade stocks, bonds, mutual funds, ETFs and more, on your own. Available exclusively through U.S. Bancorp Investments. Learn more.

Open an account

Personal guidance

When you work with a dedicated wealth professional through U.S. Bank or U.S. Bancorp Investments, you’ll have a single point of contact to help guide your IRA strategy.

We’ll work with you to understand your whole financial picture and ensure all the pieces are working harder for you based on your unique retirement goals.

Work with a financial advisor or banker

To open an IRA now, call an advisor at: 888-620-8772.

IRA Benefits

 

Roth vs. traditional IRAs

Roth IRAs provide tax-free growth – You contribute taxable income to the IRA, but any investment growth accumulates tax-free and is not taxed upon withdrawal. This is a strategy that allows younger investors to potentially grow their investments over the long-term.

Traditional IRA’s provide tax-deferred growth – Any income your IRA investments earn will not be taxed until you start taking distributions from the account at age 70 ½. This is a popular strategy for those who expect to be in a lower tax bracket upon retirement.

Learn more about IRAs

401(k) rollovers

When you rollover1 your 401(k), 403(b) or other employee-sponsored plan, we can help you make better sense of your options and gain confidence as you navigate tax implications of your retirement savings decisions. Our Advisory Center, supported by our wealth planning technology, is available to help you with all aspects of your rollover.

How to rollover a 401(k)

IRAs for self-employed or small business owner

If you are self-employed or a small business owner, consider a Simplified Employee Pension (SEP) IRA—with a higher contribution limit than other retirement accounts. For tax year 2019, contributions can be up to 25% of compensation, with a $56,000 maximum.

Find out which IRA is right for you

Please consult with your tax advisor for additional details and for help to decide which type of IRA is best for you.

Insights

 

Sources of retirement income

Multiple sources of retirement income can supplement social security.

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IRA vs. 401(k)

What’s the difference?

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Financial planning for singles

If you have a 401(k) account through your job, contribute at least enough to receive your employer match..

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