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Individual retirement accounts (IRAs) are an important part of an overall investment strategy, providing tax benefits for both individuals and small business owners.

Just as there isn’t a one-size-fits-all way to retire, there isn’t a universal retirement savings strategy. Your needs will depend on your lifestyle, obligations and goals. Learn more about the wide array of IRAs available to meet your unique retirement savings needs.

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IRA resources: The basics

IRA distributions

 

Role of IRAs in investment strategy

Choosing the best IRA for you

 

Contributing to your IRA

IRA resources: The basics

Your money goes further when you leverage tax-advantaged accounts. IRAs can help maximize immediate and future tax savings and provide a source of income during retirement.

How does an IRA work?

Learn how IRAs work, including IRA tax advantages and other IRA benefits, and understand the difference between an IRA and 401(k), with our at-a-glance guide to individual retirement accounts.

4 benefits of an IRA

Look beyond your 401(k) or pension to maximize the power of your retirement savings.

Types of IRA accounts

An individual retirement account (IRA) can be a key element of a retirement plan, but the first step is to determine which type or types of IRA accounts fit your situation.

IRA vs. 401(k): What's the difference?

The three most common types of retirement investment accounts are a 401(k), traditional IRA and Roth IRA.

The role of IRAs in your investment strategy

With earnings that are either tax-deferred or tax-free, IRAs can play an essential role in a comprehensive retirement plan. Knowing your options can help you determine your course of action.

Roth IRA benefits: Roth IRA vs. traditional IRA accounts

Unlike a traditional IRA, a Roth IRA allows you to contribute after-tax dollars now and withdraw contributions tax-free in retirement. Get more details on Roth IRA contribution limits, Roth IRA income limits and Roth conversions.

A guide to tax diversification and investing

We outline a variety of investment accounts with different tax treatments that can help you lower your taxes now and into retirement.

How to consolidate retirement accounts

The more accounts you have, the easier it is to lose track of them. Take control of your retirement savings by understanding how and when to consolidate your accounts and investments.

Contributing to your IRA

Get the maximum tax benefit possible by leveraging the different types of accounts available to help you work toward your financial goals.

Investing through workplace savings plans

How to make your money work for you by taking advantage of employer-sponsored retirement plans.

Taking advantage of catch-up contributions

If you’re 50 or older, learn how to take advantage of catch-up contributions and allocate more money to your 401(k) or IRA annually.

IRA distributions

When it’s time to make a withdrawal from an IRA, you’ll want to make sure you’re following the rules. Take steps to maximize your tax savings and avoid penalties.

RMD rules: What is a required minimum distribution?

If you have an IRA or have contributed to an employer-sponsored retirement plan, it’s vital to know the rules around RMDs, including deadlines and how to calculate required minimum distributions.

What to do with an inherited IRA

If you’re a beneficiary of someone’s IRA, your inheritance will come with options and requirements.

Using your IRA to make a difference

It’s possible to enhance your giving and save on your tax bill. Qualified charitable distributions and gifts of appreciated stocks offer prime opportunities.

Choosing the best IRA for you

Whether you’re just dreaming about retirement or already enjoying it, you need a savings strategy that adjusts as your life evolves. When you’re ready to create – or update – your IRA strategy, these resources are a great place to start.

Disclosures

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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. Wealth Management – U.S. Bank is a marketing logo for U.S. Bank.

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U.S. Bank 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.

The information provided represents the opinion of U.S. Bank and is not intended to be a forecast of future events or guarantee of future results. It is not intended to provide specific investment advice and should not be construed as an offering of securities or recommendation to invest. Not for use as a primary basis of investment decisions. Not to be construed to meet the needs of any particular investor. Not a representation or solicitation or an offer to sell/buy any security. Investors should consult with their investment professional for advice concerning their particular situation.

U.S. Bank does not offer insurance products but may refer you to an affiliated or third party insurance provider.

U.S. Bank is not responsible for and does not guarantee the products, services or performance of U.S. Bancorp Investments, Inc.

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