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Traditional IRA Retirement by J.P. Morgan

Prepare for retirement with a traditional IRA

Thanks to the tax-deferred growth of a traditional IRA, you can go into retirement on your terms.

Learn more about Traditional IRA accounts

What is a traditional IRA?


What is a traditional IRA?


It’s a tax-deferred retirement account that can help you plan and save for your retirement.

Who is traditional IRA for?


Who is traditional IRA for?


Any adult with an earned income can open a traditional IRA, it's one of the most common retirement accounts.

Why invest in a traditional IRA?


Why invest in a traditional IRA?


The key advantage of a traditional IRA is the ability to reduce your taxable income as you save for retirement.

Start a traditional IRA with J.P. Morgan

  • Our J.P. Morgan Advisors and online investing tools can help you prioritize your long-term investing and retirement goals.
  • It’s easy to start and manage an account. Sign up online and access your traditional IRA account via desktop or mobile.
  • 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.
  • When it’s time to withdraw from your traditional IRA account, we’re here to help.

JPMorgan Chase and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Here’s how we can work together

Work with a J.P. Morgan Advisor

Work with a J.P. Morgan Advisor

Work one-on-one with a dedicated advisor who will help you design an investment strategy for you and your family’s goals.

Trade online for free

Trade online for free

Research and manage your investments with unlimited commission-free online stock, ETF and options trades. No minimum to start.
 

Invest with our robo-advisor

Invest with our robo-advisor

Have your portfolio managed with the expertise and technology of J.P. Morgan, and monitored by our team of specialists to help keep you on track.
 

Learn from our expertise

Browse the latest research, articles and insights from J.P. Morgan specialists to help you make the most of your investments.

Frequently Asked Questions

A traditional IRA is an individual retirement account where you can make tax-deductible contributions. Accounts aren’t taxed until you make a withdrawal. Traditional IRA options are available to anyone with earned income for the year.

Traditional IRA contributions may be tax-deductible for the year they are made, depending on your income and whether you have a workplace retirement plan.

If you are under the age of 50, the annual maximum is $6,000. If you are 50 or above, the annual maximum is $7,000. While eligibility for the tax deduction is dependent on income and involvement in other employer plans, all adults with income may contribute the maximum amount.

You can typically begin to make withdrawals from a traditional IRA at age 59 ½. If you withdraw before then, you may incur a penalty.

A rollover IRA is a type of traditional IRA that was funded by your prior employer-sponsored plan, like a 401(k) or 403(b). You may be eligible for a rollover IRA if you have a qualifying event, such as changing employers.

Contributions to traditional IRAs may be tax-deductible, and withdrawals are taxed when made during retirement. Traditional IRAs have Required Minimum Distributions (RMDs) beginning at age 72.

 

Contributions to Roth IRAs are made with taxed income and withdrawals during retirement are not taxed. Roth IRAs do not have RMDs.

Find more ways to invest and stay connected

Roll over your 401(k)

Roll over your 401(k)

Take the next step toward your retirement goals by moving your employer-sponsored retirement plan into a J.P. Morgan IRA.

Retirement guides

Retirement guides

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

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LEARN MORE ABOUT OUR FIRM AND INVESTMENT PROFESSIONALS AT FINRA BROKERCHECK.

To learn more about J. P. Morgan’s investment business, including our accounts, products and services, as well as our relationship with you, please review our J.P. Morgan Securities LLC Form CRS (PDF) and Guide to Investment Services and Brokerage Products.

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