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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 are not to exceed $5,500 per individual or $6,500 if you’re 50 and over in 2015, 2016, 2017 and 2018.

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