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 4.349206349206349 out of 5 by 2,709.
Rated 5 out of 5 by from
Date published: 2016-09-12
Rated 4 out of 5 by from Linking IRA account to external accounts I was broaching the time in retirement where I i was at a point in my retirement where i want to take out monthly income distibution to an external account. I first went to the money link to set up the new account. When I tried on line it wouldn't let me link online. So I tried chat. The agent told me I had to set up via a form and fax back. She sent me the IRA distribution form which I started filling out but it was looking for specific distribution information which I wasn't ready with. So I called schwab, the agent on the phone walked through the steps of connecting the IRA account with the external account I already set up (via my spouses account). That seemed to be the problem is the account is associated to the profile. So now set up and I can either do one time or recurring distributions also indicating taxes to be withheld.
Date published: 2016-09-07
Rated 5 out of 5 by from Roth IRA Several years ago we decided to move some of our regular IRA money into Roth IRAs. We completed the transaction over a period of several years to spread out the taxes. The process was simple and now we have a portion of our retirement money that has been growing tax free and will be available for when we need it. The taxes on our RMDs are now lower because we reduced their value but kept and increased our IRA savings.
Date published: 2016-09-06
Rated 5 out of 5 by from IRA conversion to Roth IRA I decided to roll over a couple of holding in an IRA account over to a Roth IRA for the current tax year. I contacted my local Schwab financial advisor who helped guide me through the process. I think in future tax years I'll be able to do this on my own, but I very much appreciated the personal assistance from Schwab for this 'first time' conversion.
Date published: 2016-09-06
Rated 4 out of 5 by from There are a lot of products avalable stock, wide range of mutual funds, bonds, CDs
Date published: 2016-09-06
Rated 4 out of 5 by from
Date published: 2016-09-06
Rated 5 out of 5 by from Exactly what I wanted I've had a brokerage account for more than 20 years and have found that I get exactly the freedom to manage it that I want, along with all the research and trading power that I need to help me make decisions.
Date published: 2016-09-05
Rated 4 out of 5 by from Bill Pay and Brokerage Well integrated, Lousy Rate I really like using Schwab Bank's Bill Pay. It's easy to move income from brokerage and IRA accounts to the checking account, although the way below market interest rate has me moving all excess cash to an external account. Minor quibble, I wish there were a direct link to bill pay from the Summary web page. The outside ATM re-imbursement feature is great.
Date published: 2016-09-04
  • 2016-09-23T06:16CST
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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.