Opening a Roth IRA account? Check out E-Trade’s current offer.
July 23rd, 2009 Posted in Roth IRA
A few months back we covered the exceptional deal coming from E-Trade and thought we’d give it another shout out for those of you whom are considering opening a new IRA (Individual Retirement Account).
Currently the deal is this, if you open your new IRA or Roth IRA with E-Trade they will grant you 100 free trades. Considering the fact that E-Trade and other brokerage accounts generally charge between $8-$20 per trade, makes this one very noteworthy offer. Essentially E-Trade is giving away (throughout the life of your Roth IRA) $800 for conducting business with them. Not too shabby…
Here are E-Trade’s Roth IRA account details:
- No minimums and no account fees when you sign up for online statements and confirms
- Contribute up to $5,000 or 100% of compensation, whichever is less. If you are over 50, you can contribute an additional $1,000 of compensation
- Flexibility to withdraw original contributions tax-and penalty-free at any time, for any reason
- Withdraw earnings tax-and penalty-free at age 59½ provided account has been open at least five years
- Withdraw earnings after five years for home purchase, college, or major medical expenses penalty-free
- No age limit on when you have to withdraw money
Learn more about this offer.
