From the makers of TurboTax
Find an IRA that's right for you In order to get your 2013 tax deduction you must transfer money into your IRA by April 15, 2014.
 Minimum BalanceAnnual FeesFunds Available No Fee Funds A mutual fund that can be purchased without a commission charged for the transaction Promotion 
Vanguard

$3,000

None

3,000

1,000

Apply Now >
Fidelity

$0

None

10,997

2,899

Open and fund an IRA and get up to $1500 in free trades

Apply Now >
ShareBuilder Contributory IRA

$0

None

1,059

465

Get up to $600 bonus when you open and fund an IRA

Apply Now >
Charles Schwab

$1,000

None

15,075

4,458

Apply Now >

Not Sure? Mint can help

1. Start by answering 5 simple questions.

2. Then we'll provide recommendations based on your answers.

3. So that you can contribute to your IRA by April 15, 2014.

Get Started
do this here
Choose and open
an IRA
once you open your ira
Fund by April 18th to
get tax deductions!
once you add funds
Choose your investments
(Stocks, Bonds, CDs)
done!
Watch your money grow in a tax-advantaged account!

Tell Us About Yourself

How old are you going to bewere you at the end of 2010?

Why is this important? Your age may impact your eligibility as well as the maximum amount you’re able to contribute.

What’s your adjusted gross income ( AGI Gross income includes wages, interest income, dividend income, income from certain retirement accounts, capital gains, alimony received, rental income, royalty income, farm income, unemployment compensation, and certain other kinds of income. Your adjusted gross income (AGI) can be found on Form 1040, line 38; Form 1040A, line 22; or Form 1040NR, line 36, Figured without taking into account the amount from Form 1040, line 32; Form 1040A, line 17; or Form 1040NR, line 31. )?

$0

Why is this important? Your AGI may impact your eligibility to contribute to a Roth IRA or the deductibility of your contribution to a Traditional IRA.

Please note: This calculator assumes that you have an earned income level of at least $5,500 in 2010.

Did Will you participate in an  employer-sponsored Examples of employer-sponsored retirement plans include 401(k), 403(b), Simple IRAs, SEP IRAs, Money purchase plans, and profit-sharing. retirement plan in 2010?

Why is this important? Your participation in an employee-sponsored retirement plan may impact your eligibility as well as the maximum amount you’re able to contribute.

Did Will your spouse participate in an  employer-sponsored Examples of employer-sponsored retirement plans include 401(k), 403(b), Simple IRAs, SEP IRAs, Money purchase plans, and profit-sharing. retirement plan in 2010?

Why is this important? Your spouse’s participation in an employee-sponsored retirement plan may impact your eligibility as well as the maximum amount you’re able to contribute.
View Recommendations

You qualify for a Roth IRA

(change your information)

You can contribute up to $5,500. Contributions to a Roth IRA are not tax-deductible.


Roth IRA

  • Your earnings grow federally tax-free. Money you withdraw is not taxed if your Roth IRA is open for at least five tax years, and you are past the age of 59½ .
  • There is no mandatory distribution age.
  • Funds can be used to purchase various investments (stocks, bonds, CDs, ETFs, etc).
Why every year counts.

† Assumes 7% annual pre-tax growth without any fees.

You qualify for a Traditional IRA

(change your information)

You can contribute up to $5,500, and you qualify for a [full/partial] tax deduction on your contribution. but you do not qualify for a tax deduction on your contribution.


Traditional IRA

  • Your earnings are tax-deferred. Your IRA savings will grow tax-free until you withdraw this money after you reach the age of 59 ½.
  • Withdrawals begin at age 59 ½ and are mandatory by 70 ½.
  • Funds can be used to purchase various investments (stocks, bonds, CDs, ETFs, etc).
Why every year counts.

† Assumes 7% annual pre-tax growth without any fees.

We’re sorry. You don’t qualify for an IRA.

Based on the information you provided (change your information), you don’t qualify for a Roth or Traditional IRA.
Learn more about IRA contributions in IRS Publication 950.

 

You can still invest for retirement with a brokerage account:

(change your information)

You qualify for a Roth or Traditional IRA

Traditional IRARoth IRA
You can contribute up to 5,500*, and you qualify for a [full/partial] tax deduction on your contribution.but you do not qualify for a tax deduction on your contribution.You can contribute up to 5,500*. Contributions to a Roth IRA are not tax-deductible.
Your earnings are tax-deferred. Your IRA savings will grow tax-free until you withdraw this money after you reach the age of 59 ½.Your earnings grow federally tax-free. Money you withdraw is not taxed if your Roth IRA is open for at least five tax years, and you are past the age of 59½ .
Withdrawals begin at age 59 ½ and are mandatory by 70 ½.There is no mandatory distribution age.
Funds can be used to purchase various investments (stocks, bonds, CDs, ETFs, etc).Funds can be used to purchase various investments (stocks, bonds, CDs, ETFs, etc).
Why every year counts.

* Maximum combined contribution to both IRAs (not each)

† Assumes 7% annual pre-tax growth without any fees.