When you’re ready to invest in your future with an IRA, there are several easy ways to get started.
You can easily open and fund an IRA. Whether you prefer investing on your own or want personal investment guidance, we have options available to fit your needs. However you choose to invest – automated vs. self-directed, or by working with a financial professional – you’ll enjoy the benefits of opening an IRA, like tax-advantaged growth. That can mean more money saved for your future.
For easy 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, ETFs 1 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.
Roth IRAs provide tax-free growth. Your non-deductible IRA contribution grows tax-free and qualified withdrawals are not taxed. This strategy allows younger investors to potentially grow their investments over the long term.
Traditional IRAs provide tax-deferred growth. Any income your IRA investments earn will not be taxed until you start taking distributions from the account. This is a popular strategy for those who expect to be in a lower tax bracket when they retire.
Rolling over 2 your employer-sponsored 401(k) or 403(b) accounts into an IRA can give you a clearer view of your retirement investments. We’ll help you make sense of your options and gain confidence as you navigate the tax implications of your retirement savings decisions.
If you’re self-employed or a small business owner, consider a simplified employee pension (SEP) IRA for yourself and any employees. A SEP IRA offers higher contribution limits than other retirement accounts. For the 2024 tax year, contributions can be up to 25% of compensation, with a $69,000 maximum.
Keeping track of your retirement accounts can be a challenge. Following these four steps can help you feel more in control.
Look beyond your 401(k) account or pension to maximize the power of your retirement savings.
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.
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.
Exchange Traded Funds (ETFs) are subject to risks similar to those of stocks, such as market risk. Investing in ETFs may bear indirect fees and expenses charged by ETFs in addition to its direct fees and expenses, as well as indirectly bearing the principal risks of those ETFs. ETFs may trade at a discount to their net asset value and are subject to the market fluctuations of their underlying investments.
A rollover of qualified plan assets into an IRA is not your only option. Before deciding whether to keep an existing plan, or roll assets into an IRA, be sure to consider potential benefits and limitations of all options. These include total fees and expenses, range of investment options available, penalty-free withdrawals, availability of services, protection from creditors, RMD planning, and taxation of employer stock. Discuss rollover options with your tax advisor for tax considerations.
Start of disclosure contentInvestment 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 | U.S. Bancorp Investments is the marketing logo for U.S. Bank and its affiliate U.S. Bancorp Investments.
