Open an IRA

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

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Automated Investor

Open an IRA through Automated Investor and take the time and guesswork out of investing for retirement.

  • We’ll keep you on track with automatic monitoring and rebalancing
  • You’ll speak with financial professionals whenever you need to
  • Enjoy fees as low as $1 per month (0.24% annual fee, billed quarterly) with a minimum $5,000 investment
  • Available exclusively through U.S. Bancorp Investments

Learn about Automated Investor

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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 about Self-directed brokerage

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Financial professional

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.

Find a financial advisor or banker

IRA Benefits

 

Potential benefits of your IRA

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.

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.

Learn more about IRAs

IRAs for self-employed or small business owner?

Self-employed or small-business owners should consider a Simplified Employee Pension (SEP) IRA, a type of traditional IRA with a higher contribution limit. In 2019, this is up to 25% of compensation ($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.