Why Schwab IRAs?

We're passionate about finding tax-smart ways to help you invest in and grow your retirement fund. You'll find a wide range of IRAs with $0 account opening and maintenance fees (other account fees, fund expenses, and brokerage commissions may apply),1 giving you more money for your future.

Retirement planning tools and resources

Our work doesn't end when you open an account. We're dedicated to providing insights, education, and tools that ensure you're confident in your choices.

Browse IRAs

  • Traditional IRA

    With a Schwab Traditional IRA, you won't pay taxes on earnings until you make withdrawals, and you may get immediate tax benefits when you contribute.

  • Roth IRA

    When you open a Roth IRA, you'll get your tax benefits later, when you take out your retirement savings tax-free.

  • Rollover IRA

    Rolling over your plan from a former employer is one way to take control of your retirement savings. If, after considering your options, you decide a Rollover IRA is right for your situation, you can get start-to-finish help from a Schwab Rollover Consultant.

    A rollover of retirement plan assets to an IRA is not your only option. Carefully consider all of your available options, which may include but not be limited to keeping your assets in your former employer's plan, rolling over assets to a new employer's plan, or taking a cash distribution (taxes and withdrawal penalties may apply). Prior to a decision, be sure to understand the benefits and limitations of your available options and consider factors such as differences in investment-related expenses, plan or account fees, available investment options, distribution options, legal and creditor protections, the availability of loan provisions, tax treatment, and other concerns specific to your individual circumstances. For more information on your available options, see schwab.com/rolloveroptions.

  • Inherited IRA

    An Inherited IRA is created when someone inherits an IRA after the death of the original owner. If you've inherited an IRA or an account in an employee-sponsored retirement plan, consider transferring it to a Schwab Inherited IRA.

  • Custodial IRA

    Do you have a child with earned income? A Custodial IRA can be a great way to teach your child the value of investing while giving them a head start on retirement savings.

FAQs

  • How much can I contribute to my IRA each year?

    For a Traditional IRA, you can contribute up to $5,500 for tax year 2015 and $5,500 for tax year 2016, or up to 100% of earned income, whichever is less. Individuals age 50 and over can also make catch-up contributions from earned income: an additional $1,000 each year for tax years 2015 and 2016. Not all of your contribution may be eligible for a current-year tax deduction. See contribution limits.

    Roth IRAs have the same contribution limits but also have income eligibility requirements.

  • Can I make early withdrawals from my IRA?

    Before you reach age 59½, you are subject to a 10% penalty, in addition to federal and state taxes, on Traditional IRA distributions and earnings withdrawals from Roth IRAs. Roth IRA contributions can be withdrawn at any time without penalty. If IRS requirements are met, distributions from Traditional IRAs and from Roth earnings are penalty-free under certain circumstances.

  • What kinds of investment choices do I have?

    Choose from stocks, bonds, ETFs, mutual funds, CDs, and more. Schwab also offers professional portfolio management solutions that can make investing even easier. As a Schwab client, you can have a complimentary consultation with a Schwab investment professional who can help you decide which investments are right for you.

See more IRA FAQs

Tools and Guidance

Our retirement tools and calculators can help you choose the IRA that's right for you.


What clients think about our Individual Retirement Accounts (IRAs):

Individual Retirement Account is rated 4.4 out of 5 by 2497.
Rated 5 out of 5 by from I am doing AOK I have been with Schwab for 0ver 30 years. Even before I open Schwab accounts, I knew and was convinced that no broker will be there to make my financial decisions for me. I never wanted them to. So I learned to invest myself. Contrary to common thinking, I don't think I spend lot of time doing it. Even when I was working full time as a busy doctor, I was investing myself. On and of I need some technical advises, I get it from Schwab without any problem. All in all I am very happy I have been with Schwab in the last 30+ years. I have been listening to MR Schwab's advise since the beginning of my investing activities: "have faith in the market."
Date published: 2015-07-04
Rated 5 out of 5 by from myopinions When I started my first Regular IRA at schwab I was told there would be no acct fees. Nearly twenty years later I still have not paid any account fees. I now also have a Roth and an inheirited IRA, and my wife has a Reg IRA, and we still don't pay any maintenance fees on any of them. Pretty Cool. When I started with schwab in ninety three they would provide a newspaper-like catalog for comparing Mutual funds. I really like how they have kept up with technologies year after year, to the point now where I have wonderful reasearch tools and up to the minute access to my account information.
Date published: 2011-02-20
Rated 2 out of 5 by from IRA Review Hello, I have had both Rollover and Roth IRA's with Charles Schwab for over a decade and their performance has been less than impressive and even disappointing to say the least. I believe it would be helpful to receive annual feedback from dedicated Schwab professionals who understand the IRA accounts, the current market performance, and available options, etc., in order to receive professional guidance re: longterm preparation for retirement and overall IRA performance and options. This would be very helpful to the average investor and middle class law-abiding American, who only wants to be able to retire comfortably and with confidence. Thank you.
Date published: 2011-12-05
Rated 5 out of 5 by from Easy to understand guildance and advice After having been with several full sevice and many online brokerage firms over the past 40+ years, Charles Schwab's Customer Sevice Team, easy to use web platform, and investment tools are the best of the best. Chuck is fair, honest, and can answer any question quickly. They know how to return a phone call and always follow up to see if you have any additional questions. Their account promotional bonus perks will make any level investor smile. I also love the bill payer and direct deposit features for my Schwab non retirement accounts. Less time running around transferring money for me.
Date published: 2012-12-04
Rated 2 out of 5 by from Attends to the big guy not the small one When I joined 'Schwab,I was with a large company and we got service. The representative was available often. Came by the plant and held meetings and assistance. When I left the company ,I continued with Schwab. They did not continue with me. I lost all contact with them.After a few years I tried to find them to no avail. They moved their offices and I didn't find them. I went to another office and was graciously told that they did not handle my account so, try to make contact with my rep. Even today,i have questions and the only help I can get is the corporate phone contact. I may have avoided many pitfalls if I had some assistance and guidance
Date published: 2011-03-10
Rated 1 out of 5 by from Schwab doesn't live up to it's Commercia I'm an average investor who saves every month towards retirement hoping the money will be there when I need it. But Schwab may have better window dressing than the others but does not deliver straight talk it advertises. It's actions are no different from Wall St. in general. twice I've had issues with money not being deposited into the right accounts and staff seem clueless about resolving it, "talks down" to me. Now I believe it's done intentionally to make them money not me. I believe I have about a 50/50 chance my money will be there when I retire but I'm sure Schwab and Wall St. will have there's.
Date published: 2011-06-02
Rated 5 out of 5 by from Exactly what our situation requires. We needed a low-cost setup to manage four self-directed IRA's (two Roth, two traditional). Schwab has met that need for two decades. Our capital accumulation and distribution plans dictate our investment strategy, which we spread across all accounts. Two were subject to "substantially equal payments" withdrawals, so are treated very different from the Roths, whose emphasis is on making payments of deductible and tax expenses. They have served us flawlessly through twenty years of early retirement. And really, we can't ask more than flawless service, tuned precisely to our needs. Combined with the banking arm it has met virtually all our financial needs.
Date published: 2014-08-15
Rated 5 out of 5 by from Scwab Products - Convenience and No Fees The process of submitting a roll over IRA was fast and completely done without any issues or fees and the process is very simple and easy to follow with great results. All of Schwab products make my life easier and are convenient to use. I no longer have to stand in line at a bank to deposit a check because I can deposit a check via my Android App. I can use any ATM in the world without incurring a fee from Schwab and other banks fees are reimbursed monthly. It is amazing how convenient Schwab products make my life more convenient and save me money in the process. No more fees, but I have convenience and earn interest as well on my deposits. I would recommend doing business with Schwab at any time.
Date published: 2011-12-12
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We're here to help

Clients of independent investment advisors: You may also contact your advisor or call Schwab Alliance at 800-515-2157.