Traditional IRA: Charles Schwab: Traditional IRA Account

Open an account with $1,000, or $0 if you set up a monthly transfer of at least $100.
Account service fees: None.
Contribution limit: $5,000 in tax year 2008 and 2009 ($6,000 if you are 50 or older).
Who's it for? Anyone under 70½ with earned income who wants to save for retirement.

Open the account that lets you:

Enjoy tax-advantaged growth— you won’t pay taxes until funds are withdrawn in retirement, so you can potentially benefit from compounded growth of your investments.
Make tax-deductible contributions (subject to limitations).

Because it's a Schwab account, you can:

Decide how your contributions are invested— use our industry-recognized research to choose stocks; bonds; CDs; no-load, no-transaction-fee mutual funds and more; or select a single portfolio solution.
Opt to invest your initial deposit in a Schwab Target Fund— a fund with investments that automatically adjust according to your planned retirement date.
Get investment guidance from a Schwab investment professional.
Take advantage of Schwab’s retirement planning tools and resources.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

Charles Schwab & Co., Inc. receives remuneration from fund companies participating in the Mutual Fund OneSource® service. Schwab’s short-term redemption fee of $49.95 will be charged on redemptions of funds purchased through Schwab’s Mutual Fund OneSource service (and certain other funds with no transaction fees) and held for 90 days or less. For each of these trade orders placed through a broker, a $25 service charge applies. Funds are also subject to management fees and expenses.

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