IRA stands for Individual Retirement Account, and it’s basically a savings account with tax breaks, making it an ideal way to save for your retirement. A lot of people mistakenly think an IRA is an investment itself, but it’s really the basket in which you keep stocks, bonds, mutual funds and other assets—with tax advantages.
Unlike a 401(k) plan sponsored by your employer, after you terminate employment you may want your own retirement account. The most common way to do so, is through a rollover IRA. These are accounts that you open on your own (Voluntary Rollover) or may have been opened for you upon termination of employment (Auto-Rollover). eIRA provides you an effective and cost-efficient solution for setting up a rollover IRA.
The two most common are Traditional and Roth. The main difference between the two is when you pay income tax on the money.
Get Started Now, It’s Easy!
You are being redirected to the eIRA Account Website to begin your account setup.
To setup a Traditional IRA, click the New User link and type in "Trad" as the Plan Password, click Next then follow the on screen instructions.
To setup a Roth IRA, click the New User link and type in "Roth” as the Plan Password, click Next then follow the on screen instructions.
To setup both a Traditional and Roth IRA, perform each of the above.
Rolling over your retirement plan account doesn’t have to be complicated. eIRA makes it easy for you to preserve the tax benefits associated with your former retirement plan.
With eIRA, it’s easy.