Individual Retirement Accounts
Open a New Retirement Account or Rollover a Traditional/Roth IRA or 401k to OptionsRoute.
OptionsRoute offers the following traditional retirement account types:
Contributions are often tax-deductible (often simplified as “money is deposited before tax” or “contributions are made with pre-tax assets”), all transactions and earnings within the IRA have no tax impact, and withdrawals at retirement are taxed as income (except for those portions of the withdrawal corresponding to contributions that were not deducted). Depending upon the nature of the contribution, a traditional IRA may be referred to as a “deductible IRA” or a “non-deductible IRA.”
Contributions are made with after-tax assets, all transactions within the IRA have no tax impact, and withdrawals are usually tax-free. Named for Senator William V. Roth, Jr.. The Roth IRA was introduced as part of the Taxpayer Relief Act of 1997.
A provision that allows an employer (typically a small business or self-employed individual) to make retirement plan contributions into a Traditional IRA established in the employee’s name, instead of to a pension fund in the company’s name.
This is for general informational purposes only. Additional rules and limitations apply which are not discussed here. OptionsRoute and its affiliates do not provide legal, tax, or investment advice. Consult your tax professional regarding your specific situation