Roth IRA

Enjoy tax-free income during retirement with a Roth IRA

Give your earnings the potential to grow free of federal income taxes with a Merrill Edge® Roth IRA. Roth IRAs may offer you greater tax savings and withdrawal flexibility than Traditional IRA1. See all pricing and fees.
May be a good move for...
  • Growth and greater withdrawal flexibility
  • Single tax filers earning less than $133,000 (2017)
  • Joint tax filers earning less than $196,000 (2017)
 
Why Merrill Edge

Simplify investing for retirement

Merrill Edge offers you a streamlined investing experience that gives you access to the investment insights of Merrill Lynch with the convenience of Bank of America banking. We'll help you pursue your goals with easy-to-use tools, independent research and simple flat-rate pricing.
Did you know?
You can convert an existing Traditional IRA to a Roth IRA and benefit from increased flexibility and potentially tax-free income in retirement.
Get help choosing the right IRA
Help when you need it
See if a Roth or Traditional IRA may be right for you. Find the right IRA
Explore and compare the differences between Roth and Traditional IRAs. Compare IRAs
Transfer an existing IRA to Merrill Edge. Learn more
Looking for one-on-one advice?
Meet with a licensed Merrill Edge Financial Solutions Advisor™ in person or on the phone, who will help you pursue your financial goals and plan for what matters most to you.
Roth IRAs Made Simple

Why a Roth IRA might be right for you

What are the advantages of a Roth IRA?

  • Contributions are subject to regular federal and state income taxes.
  • Earnings are tax-free if withdrawn after age 59½ and your account has been open for at least five years. This is true for both federal and in most cases state income taxes.
  • Contributions (not earnings) can be withdrawn tax-free at any time. And there is no required minimum distribution at or after age 70½.

Am I eligible for a Roth IRA?

  • Anyone can open and contribute to a Roth IRA as long as your modified adjusted gross income (your AGI after deductions) does not exceed $133,000 (2017) for single filers and $196,000 (2017) for joint filers and your earned income is equal to or greater than your IRA contribution amount for 2017.
  • If you contribute to an employer-sponsored plan like a 401(k) or 403(b), you are still eligible to open a Roth IRA as long as you meet the eligibility requirements above.
  • If you have no earned income but your spouse earns enough income to cover your contribution as well as their own, and their income (AGI) does not exceed the limits above, you can contribute to a Roth IRA account.

What are the contribution limits?

  • If you are under age 50, you may be able to contribute up to $5,500 for 2017. Beginning when you become 50 or older, you can make an additional $1,000 "catch up" contribution each year. Contributions must be made on or prior to each year's initial tax-return filing deadline for the corresponding year — which typically is April 15th. Get details on IRA contribution limits for Get details on IRA contribution limits for 2017.

What investment choices will I have?

  • At Merrill Edge, you'll have access to a full range of investment choices. Select from a wide array of stocks, bonds, options, ETFS, well-known mutual funds and managed portfolios.
  • You may also consider investing in a Money Market IRA or Featured CD IRA offered through Bank of America, N.A.

Are there any fees associated with a Roth IRA?

How do I open an IRA?

How can I convert to a Roth IRA?

  • To convert to a Roth IRA is it the right account choice for you call us at 888.637.3343 for one-on-one assistance and we'll guide you every step of the way. We can help you convert any of these types of accounts:
    • For a Traditional IRA at Bank of America or Merrill Edge, we will help you open a Roth IRA and fill out the conversion form. Here's what you'll need to convert to a Roth IRA
    • For an IRA outside of Bank of America or Merrill Edge, we will help you transfer your Traditional IRA and assist you with the Roth IRA conversion
    • For assets in a 401(k) from a former employer, we will help you transfer your assets from your 401(k) and assist with the Roth IRA conversion

Looking for one-on-one advice?
Meet with a licensed Merrill Edge Financial Solutions Advisor™ in person or on the phone, who will help you pursue your financial goals and plan for what matters most to you.
Getting Started

Three ways to get started

1
Open your account
It takes just minutes to open your account online. Here's what you'll need to open your new Merrill Edge Roth IRA account online.
If you need help, give us call at 888.637.3343 — 24 hours a day, 7 days a week.
 
2
Fund your account
Fund your account instantly in real timeFootnote 5 from your linked Bank of America bank account, and also by linking to an account at another financial institution. Or, transfer funds to your account by check, by wire transfer, or by transferring or rolling over an existing account.Footnote 2 Learn how to fund your account.
 
3
Start investing
Create an investment strategy
Become a smarter investor with help from our Meet your investing goals with help from our Financial Learning Center. Here you'll learn how to make a plan and build a balanced portfolio aligned to your investing goals.
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.
 
Get help choosing the right IRA
Help when you need it
See if a Roth or Traditional IRA may be right for you. Find the right IRA using the Merrill Edge Selector Tool
Explore and compare the differences between Roth and Traditional IRAs. Compare IRAs explore and examine the differences between Roth and Traditional IRAs
Looking for one-on-one advice?
Meet with a licensed Merrill Edge Financial Solutions Advisor™ in person or on the phone, who will help you pursue your financial goals and plan for what matters most to you.
Pricing

Simple flat-rate pricing

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 Enroll in Bank of America Preferred Rewards and learn how to qualify for $0 trades with Preferred Rewards.FootnoteFootnote 4 Other fees may apply.Footnote 3
 
Retirement account fees
Annual account fee
$0
Minimum initial funding requirement
$0
Additional services
Additional transaction, service and
investment fees.
Additional transaction and management fees

Footnote 3 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 merrilledge.com/pricing.
Looking for one-on-one advice?
Meet with a licensed Merrill Edge Financial Solutions Advisor™ in person or on the phone, who will help you pursue your financial goals and plan for what matters most to you.
Ready to get started?
888.637.3343
Call 24 hours a day, 7 days a week
Footnote 1 There is a single, 5-year holding period when determining whether earnings can be withdrawn as part of a qualified distribution free of federal (and, in most cases, state) income tax-free from a Roth IRA. This period begins January 1 of the year of the first contribution to any Roth IRA account.

Footnote 2 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 http://www.merrilledge.com/retirement/rollover-ira or call a Merrill Edge rollover specialist at 888.637.3343 for additional information about your choices.

Eligibility: Commissions are only waived for online stock and ETF trades conducted via an individual or jointly owned online investing and trading personal CMA or IRA account.

Qualify for 30 $0 online stock and ETF trades per month (meet any one of these criteria):
1.   $25,000 or more in combined balances in your Bank of America deposit accounts through 09/30/2017
2.   $25,000 or more in combined cash balances in your Merrill Edge online investing and trading personal CMA and/or IRA accounts through 09/30/2017
3.   Preferred Rewards Platinum client

Qualify for 100 $0 online stock and ETF trades per month (meet any one of these criteria):
1.   Preferred Rewards Platinum Honors clients
2.   U.S. Trust Client

For details about commissions, transaction fees and any other fees that may apply visit merrilledge.com/pricing. Certain account types are not eligible. Other restrictions may apply. Relationship requirements and pricing are subject to change and/or termination without advance notice. For full details about ways to qualify for $0 trades, call 888.MER.EDGE (888.637.3343) or visit merrilledge.com/$0detail. Employees who are subject to an AIM policy must adhere to all of the policy guidelines relating to investment activities.
Footnote 5 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.

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