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Individual Retirement Accounts (IRA)


Opening a Schwab IRA is an easy way to get your retirement savings on track and possibly save on taxes. We’ll help you choose the right Individual Retirement Account and provide the guidance, tools, and resources you need to meet your retirement goals. 

Traditional IRA

Key advantage: You may get immediate tax benefits, but you'll have to pay taxes when you take money out in retirement.

Ready to get started?

Roth IRA

Key advantage: You can get tax benefits later, when you take out your retirement savings tax-free.

Ready to get started?

Rollover IRA

Rolling over your plan from a former employer is one way to take control of your retirement savings.
  • Get start-to-finish rollover help
Ready to get started?

There are no fees to open or maintain your account. Other account fees, fund expenses, and
brokerage commissions may apply. (Pricing Details.)

Inherited IRA

Have you inherited an IRA or an employer-sponsored retirement plan account? Find out what you need to know.

Call to 866-855-5635 get started.

Custodial IRA

Do you have a child with earned income? Here’s a great way to give them a head start on their retirement savings.

Photo of woman on individual retirement account page

Understanding IRAs

Get answers to your questions about investing for retirement, plus tools and calculators—all to help you build the retirement you want.

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 possible 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.

Individual Retirement Account is rated 4.211920529801325 out of 5 by 604.
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 5 out of 5 by from Resolved a problem with my tax return While putting my taxes together for the previous year, I discovered to my horror that my wife and I contributed to her IRA when she was not eligible to make a contribution. I immediately called a Schwab IRA representative to find out what I needed to do to remedy this gross error on my part. We were on the phone for over 30 minutes and he expertly and clearly explained what needed to be done and the steps I needed to take to resolve the over payment to my wife's IRA. Those 30 some odd minutes immediately calmed my nerves and I was now confident this problem with our tax return could be easily resolved.
Date published: 2016-09-04
Rated 5 out of 5 by from Great Service I have been with Schwab probably for about 40 years and I've always had a great experience with them. I always felt that they really cared about me and my money and weren't just trying to sell me something. Over the years I've learned so much about investing from Schwab, for which I thank them very much.
Date published: 2016-09-02
Rated 5 out of 5 by from Super Service I wanted to consolidate my IRA's and needed to transfer two to Schwab. It was so easy. Filled out the forms and they took it from there. Great job
Date published: 2016-09-02
  • 2016-10-19T06:16CST
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