An individual retirement account (IRA) is a tax-advantaged investment account designed to help you save toward retirement. IRAs are one of the most effective ways to save and invest for the future. They allow your money to grow on a tax-deferred or tax-free basis, depending on the type of account (see the table below for details).
Determining which IRA is best for your unique situation depends on your age, income and financial goals. Contact us for guidance if you’re not sure which IRA might be right for you.
Traditional IRAs are tax-deferred retirement savings accounts.
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.
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 manage your retirement account.
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.
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.
An 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.
Look beyond your 401(k) account or pension to maximize the power of your retirement savings.