Why should you open an IRA with Automated Investor?

An IRA provides a tax-advantaged way to easily work toward retirement. This means more of your money is working harder for you with either tax-free or tax-deferred possible growth.

Here's why you should consider an IRA:

  • IRAs allow you to save on taxes now or later, depending on the type of IRA.

  • You can choose whether a traditional IRA or a Roth IRA is right for you. With a traditional IRA, you might qualify for annual tax deductions or with a Roth IRA you won’t pay taxes when you withdraw the money at retirement.

  • An IRA is different than a 401(k), as it provides more flexibility and investing options. You can also save with an IRA in addition to having a 401(k).

  • By opening an IRA with Automated Investor before the April tax deadline each year, you can deduct the contribution as you file for taxes this year. You can also count your contribution toward last year’s maximum, allowing you to have the rest of this year to invest even more.

The benefits of using Automated Investor

Investments are managed for you with low fees

Your account will adjust automatically to help keep you on track toward your goals while your money is invested in low-fee exchange-traded funds (ETFs).1

Your IRA is chosen to suit your retirement goal

Our robo-advisor selects a portfolio based on your years to retirement and how conservative or aggressive you'd like to be.

Start investing with just $1,000.

With a low minimum investment, you can get started growing your retirement funds as soon as you are ready. Funds in any amount can then be added to the account at any time.

Support when you need it

Though Automated Investor handles all aspects of your investment portfolio, a live investment professional is just a phone call away when you have questions or need help.

How to open an Automated Investor IRA

1. Open an account online.

Take a few minutes to fill out the application. This is where you’ll select your goal and tell us about your account preferences.

2. Fund your account.

Transfer money into your new account.

3. We’ll select your investment portfolio.

In a few days, your money will be invested in a diversified mix of ETFs that will adjust as needed over time.

It’s that easy to start investing for your future.

At any time, you can view and manage your account from our mobile app or at usbank.com. Have questions? Call 866-758-8655.

Start investing Learn More

FAQs about IRAs

You contribute taxable income into a Roth IRA, and any investment growth accumulated tax-free and is not taxed upon withdrawal. In comparison, any income your Traditional IRA investments earn will not be taxed until you start taking distributions. Learn more about types of IRAs.

Only U.S. Bancorp Investments customers or customers with an account with our affiliate U.S. Bank who have a customer login can apply to Automated Investor online. We can help you get started quickly with a customer login – just call 866-758-8655

Your Automated Investor IRA will be invested in a mix of ETFs. The ETFs cover a broad range of asset classes, giving you a diversified portfolio to help you reach your retirement goals. The funds chosen for your portfolio are hand-selected by the Asset Management Group, a team of specialists from our affiliate U.S. Bank.

  1. Online with Automated Investor which invests and rebalances your portfolio automatically for you

  2. Online with a Self-directed brokerage account where you choose the specific investments

  3. With an advisor who will set up an account for you

Yes, you can easily do both.2 Learn how we make rollovers easy.

“Compounded” investment gains means that you earn money off the gains you earned earlier. Here’s an article that explains this a bit further: Why compounding matters.

3 easy ways to open an IRA

Automated Investor

For convenient investing at a low cost, open an IRA through Automated Investor from U.S. Bancorp Investments. This robo-advisor combines our expertise and technology to automatically manage your retirement account.

Learn about Automated Investor

Self-directed investing

To make investments on your own, open a self-directed brokerage account from U.S. Bancorp Investments. This lets you trade stocks, bonds, mutual funds, ETFs and more, on your own.

Learn about self-directed investing

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 you guide your IRA strategy.

Work with an advisor or banker

Take the next step

Call 866-758-8655
Request a call
Take our investing quiz
Talk to an advisor
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Disclosures

Automated Investor legal agreements & disclosures

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  1. Exchange Traded Funds (ETFs) are subject to risks similar to those of stocks, such as market risk. Investing in ETFs may bear indirect fees and expenses charged by ETFs in addition to its direct fees and expenses, as well as indirectly bearing the principal risks of those ETFs. ETFs may trade at a discount to their net asset value and are subject to the market fluctuations of their underlying investments.

  2. U.S. Bancorp Investments can assist clients with IRA Rollovers. However, keep in mind that a rollover of qualified plan assets into an IRA is not your only option. Before deciding whether to keep assets in your current employer’s plan, to roll assets to a new employer’s plan, to take a cash distribution, or to roll assets into an IRA, clients should be sure to consider potential benefits and limitations of all options. These include total fees and expenses, range of investment options available, penalty-free withdrawals, availability of services, protection from creditors, RMD planning and taxation of employer stock. Discuss rollover options with your tax advisor for tax considerations.

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Investment and insurance products and services including annuities are:
Not a deposit ● Not FDIC insured ● May lose value ● Not bank guaranteed ● Not insured by any federal government agency.

U.S. Investments is a marketing logo for U.S. Bancorp Investments Inc.

Investment and insurance products and services including annuities are available through U.S. Bancorp Investments, the marketing name for U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

Insurance products are available through various affiliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all states. CA Insurance License #0E24641.

U.S. Bancorp Investments and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

IMPORTANT: The projections or other information generated by Automated Investor regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.

Investing involves risk, including possible loss of principal.

U.S. Bancorp Investments is registered with the Securities and Exchange Commission as both a broker-dealer and an investment adviser. To understand how brokerage and investment advisory services and fees differ, the Client Relationship Summary is available for review.

Pursuant to the Securities Exchange Act of 1934, U.S. Bancorp Investments must provide clients with certain financial information. The U.S. Bancorp Investments Statement of Financial Condition is available for you to review, print and download.

The Financial Industry Regulatory Authority (FINRA) Rule 2267 provides for BrokerCheck to allow investors to learn about the professional background, business practices, and conduct of FINRA member firms or their brokers. To request such information, contact FINRA toll-free at 1-800‐289‐9999 or via https://brokercheck.finra.org. An investor brochure describing BrokerCheck is also available through FINRA.

Past performance and market conditions do not guarantee future results. There is no assurance that a particular investment mix or hypothetical performance shown will lead to actual investment results or performance. Diversification and asset allocation strategies do not guarantee low volatility, profit or protection against loss. There is no guarantee that you will achieve your goal within your time horizon, or over a longer time period by using Automated Investor. You are responsible for providing accurate and up to date information about your goal, time horizon, and risk tolerance.

If you have any questions or concerns, contact us to consult with an investment professional 866-758-8655 The illustrative portfolios cannot account for the impact that economic, market, and other factors may have on an actual investment portfolio.

Municipal Securities Education and Protection– U.S. Bancorp Investments is registered with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (MSRB). An investor brochure that describes the protections that may be provided to you by the MSRB rules and how to file a complaint with an appropriate regulatory authority is available to you on the MSRB website at www.msrb.org.

U.S. Bancorp Investments Order Processing Information.