Individual Retirement Accounts (IRAs)
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You deserve to enjoy your retirement.
We all have our own paths to retirement. But no matter which one you take, a common reality is that most people are responsible for accumulating their own retirement savings. That’s why planning is important. Wherever you are along your path, an experienced Fifth Third Securities Financial Professional can help guide your retirement investment strategy for your personal retirement planning needs.
What is an IRA?
An individual retirement account (IRA) is an account that allows you to save for retirement with tax-deferred growth (or tax-free growth in the case of a Roth IRA). Similar to a 401(k), an IRA comes with annual contribution limits and early withdrawal penalties. Even if you’re already contributing to an employer-sponsored 401(k), you can also contribute to an IRA, and many choose to do so to access a wider range of investment choices and additional tax deductions.
Compare IRA Options
Fifth Third offers Roth and Traditional IRA options, as well as IRA Rollover assistance. Find more details below, and contact a Fifth Third Securities Financial Professional to open an account.
Roth IRAs
Enjoy a personal retirement account with the potential for tax-free+++ growth.
Roth IRAs
Enjoy a personal retirement account with the potential for tax-free+++ growth.
Benefits Include:
- Get started with as little as $500
- Earnings may grow tax-free+++
- Qualified distributions are tax-free+++
Traditional IRAs
Watch your money grow on a tax-deferred+++ basis.
Traditional IRAs
Watch your money grow on a tax-deferred+++ basis.
Benefits Include:
- Get started with as little as $500
- Contributions may be tax-deductible+++
- Earnings are not taxed+++ until you withdraw the funds
IRA Rollover
Keep your previous employee plan working for you.
IRA Rollover
Keep your previous employee plan working for you.
Benefits Include:
- Hold funds rolled from an employer plan
- Earnings may grow tax-deferred+++
- May be able to roll funds into another employer plan
IRA Frequently Asked Questions
Contact a Financial Professional
Make sure your retirement savings strategy is still on track. A Financial Professional at Fifth Third Securities can assist you by helping to determine whether your asset allocation++ strategy is still appropriate for your current situation, as well as recommending types of retirement plans that may be suitable for you.