Almost any type of plan distribution can be rolled over into an IRA except:

• Required minimum distributions
• Loans treated as a distribution
• Hardship distributions
• Distributions of excess contributions and related earnings
• A distribution that is one of a series of substantially equal payments
• Withdrawals electing out of automatic contribution arrangements

If neither you nor your spouse is covered by a retirement plan at work, your deduction is allowed in full.

For contributions to a traditional IRA, the amount you can deduct may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels.

Roth IRA contributions aren’t deductible.

You can roll over your IRA into a qualified retirement plan (for example, a 401(k) plan), assuming the retirement plan has language allowing it to accept this type of rollover. Roth IRAs can only be rolled over to another Roth IRA.

You can convert your traditional IRA to a Roth IRA by:

• Rollover – You receive a distribution from a traditional IRA and contribute it to a Roth IRA within 60 days after the distribution (the distribution check is payable to you);
• Trustee-to-trustee transfer – You tell the financial institution holding your traditional IRA assets to transfer an amount directly to the trustee of your Roth IRA at a different financial institution (the distributing trustee may achieve this by issuing you a check payable to the new trustee);
• Same trustee transfer – If your traditional and Roth IRAs are maintained at the same financial institution, you can tell the trustee to transfer an amount from your traditional IRA to your Roth IRA.

A conversion to a Roth IRA results in taxation of any untaxed amounts in the traditional IRA. Please use our Roth conversion calculator for examples of how this may affect your from a Tax standpoint.

You have two options for completing the new account opening, funding and investment direction paperwork:

1. Online and e-sign all documents, or
2. Download paper versions and mail the documents to us

If you supplied your email address, you will receive email notifications on the status of your account opening, funding or investment transactions. You may also contact us anytime during business hours to speak to one of our client service specialists.

eIRA typically charges a ??? one-time establishment fee to open an account. Depending on your account type and assets held, other fees may apply. Please see our standard fee schedule.

There are many type so investments that can used with your eIRA account. Learn more...

No, eIRA is an IRA Custodian and does not provide investment, tax or legal advice.

You may submit a request through our online distribution request form.