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Roth IRA

Let your earnings grow tax-free with a Roth IRAFootnote 1

With a Roth IRA, you could potentially avoid paying income tax on qualified withdrawals, plus there are no mandatory withdrawals.Footnote 1

Roth IRA Account Benefits

Contribute using your after-tax dollars

Enjoy potentially tax-free growth for your assetsFootnote 1

Make withdrawals without paying income tax

Invest in stocks, mutual funds, ETFs and more

Question:
What is my contribution limit for a Roth IRA?
 
Answer:
You may be eligible to contribute up to $6,000 per year ($7,000 if you are 50 or older).Footnote 2

Interested in a Roth IRA conversion?

You may be able to convert your account to a Roth IRA and potentially have your assets grow tax-free plus make flexible withdrawals without paying income taxes.Footnote 3
Because income restrictions for IRA conversions have been lifted indefinitely, anyone is eligible to convert to a Roth IRA. Use our online calculator to find out if a conversion is right for you.
If you're ready to get started, call us at 888.637.3343.

Accounts eligible for a roth ira conversion

  • Traditional IRA
  • SEP IRA
  • SIMPLE IRA
  • Other tax-qualified retirement plans such as 401(k)s, 403(b)s and 457(b)s

Which IRA is right for you?

Compare the features of IRAs available at Merrill, find out which ones you are eligible for and learn details like contribution limits and how much of your contributions are tax deductible.

What's a key difference between a Roth IRA and a traditional IRA?

With a Roth IRA, you always contribute after-tax dollars and make potentially tax-free withdrawals in retirement. With a traditional IRA, your contributions may be tax deductible. Taxes are deferred until you make withdrawals.

Get up to $600 when you invest in a new Merrill Edge® Self‑Directed account.

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Discover your investment choices

Find the investments that work for your portfolio, whether you're interested in trading stocks, ETFs, mutual funds or fixed income investments.
Merrill offers transparent pricing for trades, account services and investment advisory programs.
Learn more about pricing at Merrill

Ready to get started?

Open an account with Merrill
or call us at 888.637.3343

Frequently Asked Questions

Footnote asterisk 
Other fees may apply. Free and $0 means there is no commission charged for these trades. $0 option trades are subject to a $0.65 per-contract fee. 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 pricing, visit our Pricing page.
Footnote 1 There is a single, 5-year holding period when determining whether earnings can be withdrawn federal (and, in most cases, state) income tax-free as part of a qualified distribution from a Roth IRA. This period begins January 1 of the year of the first contribution to any Roth IRA account.

Footnote 
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.
Footnote 
You have choices about what to do with your employer-sponsored retirement plan accounts. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over an employer-sponsored plan from your old job to 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 (particularly with reference to employer stock), and different types of protection from creditors and legal judgments. These are complex choices and should be considered with care. For more information visit our rollover page or call Merrill at 888.637.3343.
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Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.
Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary (PDF).

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, registered investment adviser, Member Securities Investor Protection (SIPC) popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp").
Merrill Lynch Life Agency Inc. (MLLA) is a licensed insurance agency and wholly owned subsidiary of BofA Corp.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity


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