Open an IRA.

3 easy ways to open an IRA

It’s easy to open and fund an individual retirement account (IRA). Whether you prefer investing on your own or want personal investment guidance, we have an option to fit your needs. 

Automated Investor

Open an IRA through our robo-advisor and take the time and guesswork out of investing for retirement. We invest, monitor and rebalance your portfolio for you and give you access to a financial professional whenever you need personal guidance. Simply tell us about your goals, comfort with risk and timeframe. Our investment professionals will target a portfolio personalized for you, for a low annual advisory fee. Automated Investor from U.S. Bancorp Investments is exclusively available to current customers.

Not a customer yet? We can help you get started quickly — just call 866-897-3929.

Learn about IRAs with our robo-advisor

Self-directed brokerage

For a more hands-on investing approach, 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 more.

Open a Traditional IRA   Open a Roth IRA

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.

Work with a financial advisor or banker

To open an IRA now, call an advisor at 888-620-8772.

IRA Benefits

 

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. Our Advisory Center, supported by our wealth planning technology, is available to help you with all aspects of your rollover.

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 2021 tax year, contributions can be up to 25% of compensation, with a $58,000 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

 

Retirement savings plan: A guide to getting control

Keeping track of retirement accounts and savings can be a challenge. Follow the steps in this quick guide to take 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.