IRAs provide a tax-advantaged way to invest for retirement and other major expenses such as college and the purchase of your first home. IRA options include traditional IRAs, both deductible and non-deductible, and Roth IRAs.
An IRA rollover allows an employee who’s leaving a job to transfer accrued retirement money from the former employer’s retirement plan into an IRA, thereby deferring tax payment on the money until withdrawing it after retirement.
You can also open a spousal IRA for a non-working spouse.
Visit our IRAs section for more information about traditional and Roth IRAs. Your financial adviser can help you determine which IRA is best for you.