Home/FAQ/Retirement Accounts

Retirement Accounts

Are there fees associated with IRAs?

Accounts with less than $10,000 but more than $0 in combined securities and cash, with no commission trades in the last three months, and without a Blue subscription will incur a quarterly platform fee of $10. We won’t charge fees if you don’t have a balance.

There is also a $95 account termination fee for closing and/or transferring an IRA or Roth IRA.

How much can I contribute to an IRA?

Contributions to a Traditional IRA and Roth IRA should be based on your eligible contribution limit, and in 2019, are not to exceed $6,000 per individual or $7,000 if you’re 50 or older.

The annual contribution limits for 2015, 2016, 2017 and 2018 are $5,500 per individual or $6,500 if you’re 50 and over.

There is no contribution limit to Rollover IRAs, since your rollover amount is based on qualified eligible funds from the employer plan.