Opening an IRA.

3 easy ways to open an IRA

It's easy 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.

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, ETFs1 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

 

Roth vs. traditional IRAs

Roth IRAs provide tax-free growth. Your non-deductible IRA contribution grows tax-free and qualified withdrawals are not taxed. 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 72. 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 rollover2 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.

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 higher contribution limits than other retirement accounts. For the 2022 tax year, contributions can be up to 25% of compensation, with a $61,000 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

 

Consolidating retirement accounts: 4 steps to take

Keeping track of your retirement accounts can be a challenge. Following these four steps can help you feel more in control.

Read article

4 benefits of an IRA

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

Read article

How much should I save for retirement?

A look at what percentage of earnings to set aside and strategies to stay on track at different life stages.

Read article

About brokerage and investment advisory services

To learn more about the differences between brokerage and investment advisory services and fees from U.S. Bancorp Investments, please read the Client Relationship Summary and Regulation Best Interest Disclosure.