Retirement Savings | U.S. Bank | U.S. Bancorp Investments

How much should you save for retirement?

Knowing how much retirement savings you will need starts with knowing how much you spend to support your lifestyle today. Some expenses may go away by the time you retire, like the cost of raising kids. Others are likely to increase, like the cost of health care. Maximizing your retirement savings now may give you the best chance of living the retirement lifestyle you envision.

Open an IRA

Tax-Advantaged Growth

Grow your retirement savings.

Contributing to an individual retirement account (IRA) can help you grow your savings strategically. These accounts offer different tax, savings, and income advantages for your retirement plans. We offer:

Traditional IRAs
Roth IRAs
SEP IRAs
U.S. Bank Heritage IRAs

Learn more about IRAs

Ready to open an IRA? We make it easy. Whether you prefer investing on your own or want personal investment guidance, we have an option to fit your needs. And if you open an IRA before April 15, you may be able to take advantage of tax benefits.

Open an IRA

IRA contribution limits

Tax year 2021 contribution limits:

Under age 50: $6,000 per year
Over age 50: $7,000 per year

Already have an IRA with U.S. Bancorp Investments?

Contribute now

GENERAL INVESTING

Further build your savings.

After you’ve maximized your tax-advantaged retirement account options, consider investing in a general investment account to build your retirement savings even further.

Learn more about ways to invest

Consolidation

Rollover your 401(k).

Saving for retirement involves more than setting aside funds for the future. When you rollover¹ your previous employer’s 401(k) or 403(b), we can provide you a clearer vision of your current financial situation. We work with you to create a comprehensive financial plan based on your retirement savings goals.

How to rollover your 401(k)

Ways to work with us

Whether you prefer investing online, want personalized financial planning guidance – or want a little of both – we have options to meet your needs.

Online investing

For your retirement savings, whether you want a managed-for-you option, Automated Investor, or you prefer to build and manage your own portfolio through Self-directed brokerage we've got an online investing option for you from U.S. Bancorp Investments.

Compare online investing options

Personal guidance

Making sense of your current finances is our starting point for developing your retirement savings plan. We'll tailor your investment strategy to help you work toward your goals for the retirement lifestyle you envision.

Work with a financial advisor or banker