U.S. Bancorp Investments Self-Directed Brokerage IRA options

Traditional IRA

  • May offer tax deductions on contributions which may benefit you if you’re in a lower tax bracket at retirement
  • Mandatory distributions at age 70½ which will be taxed

What you Get

  • Tax-deferred growth on savings
  • Ability to contribute in addition to a work retirement plan
  • Ability to rollover pre-tax 401(k) tax free

Apply now for a Traditional IRA

Roth IRA

  • No mandatory minimum distributions
  • Contributions may be tax and penalty free
  • Income is not taxed if held in the Roth IRA for 5 years or withdrawn for death, disability or 1st time home purchase

What you Get

  • Tax penalty-free access to contributions before retirement
  • Ability to contribute after age 70½
  • Assets in the Roth IRA can be passed on to heirs. On estates large enough to be subject to estate taxes, a Roth IRA can possibly reduce estate taxes

Apply now for a Roth IRA

SEP IRA

  • An IRA for self-employed
  • Contributions are tax deductible & your business pays no taxes on the earnings on the investments
  • Each year you decide if you want to contribute and by how much up to established limits

What you Get

  • Easy-to-maintain retirement plan for you and your employees
  • You may be eligible for a tax credit for each of the first 3 years for the cost of starting the plan

Apply now for a SEP IRA