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An IRA can help you secure your future

Already have a J.P. Morgan IRA? Keep an eye on your investments and review your portfolio to help you reach your goals.

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Learn more about IRA accounts

What is an IRA?

An IRA is a tax-advantaged account that helps individuals save for retirement.

Who is an IRA for?

Available at any career stage, an IRA is for individuals with taxable compensation who are planning for retirement.

Why invest in an IRA?

The tax advantages of an IRA may make it a smart way to save for your future.

Types of IRAs to get started with

Traditional IRA

Your contributions may be tax-deductible. Your earnings, if any, are tax-deferred and will be included in your taxable income at the time of withdrawal.

Roth IRA

Your contributions are not tax-deductible. Your earnings, if any, are tax-deferred and may be withdrawn tax-free if certain conditions are met.

What’s the difference between a Traditional and Roth IRA?

Traditional and Roth IRAs both offer a way to save for retirement that give you tax advantages.

View our IRA comparison PDF

Traditional IRA

A Traditional IRA is an individual retirement account where your contributions may be tax-deductible, and you pay taxes when you withdraw your money. Potential earnings grow tax-deferred until withdrawal.

Traditional IRAs are subject to the IRS’ required minimum distribution (RMD) rules. For individuals age 73 and older, who have a Traditional IRA, RMDs must begin by April 1 of the year following the year you turn 73 and must be taken by December 31 of each year after the year you turn age 73.

Roth IRA

A Roth IRA is an individual retirement account where you contribute after-tax dollars, and you don’t have to pay federal tax on “qualified distributions,” including potential earnings, if certain criteria are met. Roth IRAs of original account owners are not subject to the IRS’ RMD rules.

Individual retirement accounts with J.P. Morgan

  • Our J.P. Morgan Advisors and online investing tools can help you prioritize your long-term investing and retirement goals.
  • Open, access and manage a J.P. Morgan IRA via desktop, mobile or meet with a J.P. Morgan Advisor today
  • After opening up the right IRA for your needs, you can choose from a wide range of investment products, such as mutual funds, stocks, ETFs and bonds.
  • You also may have the option to roll over your workplace 401(k) into a J.P. Morgan IRA.
  • We know that life is unpredictable. We’re here to help you adjust and make the most out of your long-term investments.

Here’s how we can work together

However you choose to invest, we’re here to help you make the most of your money.

INVEST ON YOUR OWN J.P. Morgan
Self-Directed Investing

Build your investment portfolio on your own with unlimited $0 commission online trades.

INVEST ON YOUR OWN J.P. Morgan
Self-Directed Investing

Build your investment portfolio on your own with unlimited $0 commission online trades.

WORK WITH OUR TEAM OF ADVISORSJ.P. Morgan
Personal Advisors

Work with a team of fiduciary advisors who will create a personalized financial plan, match you to expert-built portfolios and provide ongoing advice via video or phone.

WORK WITH OUR TEAM OF ADVISORSJ.P. Morgan
Personal Advisors

Work with a team of fiduciary advisors who will create a personalized financial plan, match you to expert-built portfolios and provide ongoing advice via video or phone.

WORK ONE-ON-ONE WITH AN ADVISORJ.P. Morgan
Private Client Advisor

Work 1:1 with a dedicated advisor in your local community to create a personalized financial strategy and build a custom investment portfolio.

WORK ONE-ON-ONE WITH AN ADVISORJ.P. Morgan
Private Client Advisor

Work 1:1 with a dedicated advisor in your local community to create a personalized financial strategy and build a custom investment portfolio.

Already have an IRA with J.P. Morgan?

Explore funding your account

Make a one-time contribution or set up recurring transfers—from your Chase checking or savings accounts into your IRA.

Do more with the Chase Mobile® app

Scan QR code

Tap into convenience and security on the go. Fund and manage your IRAs—from almost anywhere.

Meet Wealth Plan

J.P. Morgan Wealth Plan℠ is our award-winning digital money coach that makes it easy to set and track your retirement goals and offers insights to guide you, every step of the way.

Discover more ways to get ready for retirement

IRA rollovers

Explore rolling over your 401(k) from a former employer into a J.P. Morgan IRA.

Retirement guides

Wherever you are in your retirement planning journey, there’s always a best next step. Explore our retirement guides and get a sense of what you could be focusing on.

IRA calculator

Use this calculator to compare a Traditional and Roth IRA to a general investment account to see how your money can potentially grow over time.

Frequently Asked Questions

IRA stands for individual retirement account, which is distinct from a workplace retirement account, such as a 401(k).

An individual retirement account, or IRA, is a tax-advantaged way of saving for retirement. A company's 401(k) may not be enough to help you reach your financial milestones, so also contributing to an IRA can help bring you closer to your retirement goals. The two main types of IRAs are Traditional and Roth.

The IRS sets annual contribution limits for Roth IRAs and Traditional IRAs. For 2024, the annual maximum is $7,000 if you are under the age of 50, or $8,000 if you are 50 or above. Learn more.

Note that you may be able to contribute to both an IRA and your company’s 401(k) or other employer sponsored retirement account.

How much you need to retire depends on many factors including when you retire and your expected cost of living, so it’s often a good idea to work with a financial professional to help determine how much you may need. You can also use our helpful retirement calculator to estimate your future savings.

Sharpen your knowledge

Roth vs. Traditional IRAs: What should you consider?

Traditional and Roth IRAs are similar in many ways, but they also have some key differences related to eligibility, required minimum distributions (RMDs) and what tax advantages they offer.

3 minute read

4 strategies for getting the most out of your IRA

Check out these four ways to help maximize your retirement savings with your IRA.

2 minute read

What are IRAs and 401(k)s?

Contributing to a retirement account can help you work toward your goals and may provide tax advantages to boost your progress.