Traditional IRA

Maximize your earnings potential

Open a Merrill Edge® Traditional IRA and if you qualify for tax-deductible contributions, you may have the opportunity to lower your current tax bill—with no minimum balance.
May be a good move for:
  • Reducing current taxes
  • Tax-deferred growth potential
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Did you know?

Did you know?

If you contribute to an employer-sponsored plan like a 401(k) or 403(b), you may still be eligible for a Traditional IRA.
Get up to
when you open and fund a new Merrill Edge investment account or IRA.

Features and benefits

  • Contributions and earnings may be withdrawn without a 10% additional tax at or after age 59½
  • Contributions may be tax deductible
  • Withdrawals must be taken the year you turn age 70½

Who is eligible

  • Anyone under age 70½ with earned income
  • Contributions may be tax deductible for:
    • Single tax filers earning less than $73,000 MAGI ($72,000 for 2017)1
    • Joint tax filers earning less than $121,000 MAGI ($119,000 for 2017)1

Contribution limits1

Younger than age 50
Age 50 and older

Traditional or Roth?

Answer a few questions and the IRA Selector Tool will help you find out which IRA may be right for you and how much you can contribute.

More individual retirement plans

Roth IRA

Rollover IRA

Compare IRAs

Investment choices

Choose from a wide range of stocks, bonds, ETFs and well-known mutual funds with easy-to-use tools to help you narrow down your investment choices.

Pricing and fees

Merrill Edge offers simple, flat-rate pricing of $6.95 per unlimited online stock and ETF trades—with no trade or balance minimums. Or learn how to qualify for $0 trades with Preferred Rewards. Other fees may apply.2
Annual account fee
Minimum initial funding requirement
Additional transaction, service and investment fees

Get started

It's as easy as 1-2-3

Open an account

Open your account online in minutes. Here's what you'll need:
  • Social Security number and date of birth
  • A valid mailing and email address
  • Employment information (including company name, address and start date)
  • General financial information (such as annual income and household net worth)
  • Names and dates of birth for any beneficiaries
Or call us 24/7 at 866.460.1282

Fund your account3

There are several ways to fund your new account

Transfer Cash

Fund instantly from your eligible linked Bank of America® bank account or Merrill Edge® investment account.
Up to 3 business days
Fund within a few days from an eligible linked account at another financial institution.

Wire transfer

Same day
Wire funds electronically from another financial institution.

Write a check

3 to 5 days
Fund your account by mailing a personal, cashier's or bank check.

Transfer accounts or securities

8 or more days
Transfer an existing brokerage account, IRA account or securities from another financial institution. You can also transfer securities instantly between your Merrill Edge accounts.

Roll over into an IRA

10 or more days
Consolidate your retirement assets by rolling over accounts held in former employers' 401(k), 403(b) or 457 plans into a Merrill Edge IRA.
A Rollover IRA isn't right for everyone. Consider all of your choices and learn if a Rollover IRA may be right for you.5 For additional information, call 866.460.1282 to speak with a rollover specialist, 24/7.

Start investing

Create an investment strategy:
Build a balanced portfolio aligned to your investment goals in 3 easy steps.
Find the right investments:
Choose from a variety of stocks, bonds, ETFs and thousands of mutual funds. Narrow your investment choices with our easy-to-use screening tools.
Manage your portfolio:
Access your new Merrill Edge investment account anytime, anywhere—online, on your mobile device and at thousands of Bank of America® ATMs.
Other ways to invest
Merrill Edge
Guided Investing
Pursue your investing goals online with a low‑cost managed portfolio.
Invest with advice when you need it
Invest with a licensed Merrill Edge Financial Solutions Advisor™, who can help you pursue your financial goals and plan for what matters most to you.
Learn more
2 Other fees may apply. Sales are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs. To learn more about Merrill Edge pricing, visit
5 You have choices for what to do with your employer sponsored retirement plan. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth, roll over to an employer sponsored plan from a prior employer to an employer sponsored plan at your new employer, take a distribution or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. Visit m/pages/mobile /retirement/rollover-ira-mobile.aspx or call a Merrill Edge rollover specialist at 866.460.1282 for additional information about your choices.
Please review the Merrill Edge Guided Investing Program Brochure (PDF) for important information including pricing, rebalancing, and the details of the investment advisory program. Your recommended investment strategy will be based solely on the information you provide to us for this specific investment goal and is separate from any other advisory program offered with us. This program is not offered through an advisor. Merrill Edge investment advisory programs are offered by MLPF&S. MLPF&S and Managed Account Advisors LLC (MAA) are registered investment advisers. Investment adviser registration does not imply a certain level of skill or training.

Important disclosures

Contribution and compensation limits are subject to a cost-of-living adjustment annually pursuant to the Internal Revenue Code. Contribution and compensation limits for subsequent years may vary.
3 Fees and expenses are subject to change. Please note that other fees and expenses may apply, including early withdrawal penalties and trustee transfer fees. For Merrill Lynch, Pierce, Fenner & Smith Incorporated's standard brokerage fees, please see the Miscellaneous Fees schedule. For Bank of America N.A.'s fees, see your Personal Schedule of Fees.
4 Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, SafeBalance Banking®, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen.