Open in any base currency
No minimum initial deposit required*
Broadest range of investment options
Immediate tax benefits
Tax-deferred capital gains
ROLLOVER IRA
Open in any base currency
No minimum initial deposit required*
Broadest range of investment options
Immediate tax benefits
Tax-deferred capital gains
Key Facts
A Rollover is a Traditional IRA that only holds assets received as a rollover distribution from a retirement plan. The term ‘rollover’ simply helps people identify the assets as a rollover from a retirement plan.
Rollover IRAs are often used when an individual receives a lump sum distribution from an employer sponsored retirement plan (e.g. 401(k) or 403(b)) and wants to continue the tax-deferred growth of those retirement funds.
- A retirement savings plan that allows an individual to contribute earnings until they are withdrawn.
- Contributions are subject to annual limits depending on the age of the account owner and may or may not be deductible depending on the individual’s circumstances.
- Earnings accumulate tax deferred until distributed to you at which time the earnings are subject to tax upon withdrawal.
- A spouse may contribute to a separate account subject to the same limits.
- Withdrawals made prior to age 59½ are subject to a 10% penalty unless certain special circumstances apply.
Key Facts
A Rollover is a Traditional IRA that only holds assets received as a rollover distribution from a retirement plan. The term ‘rollover’ simply helps people identify the assets as a rollover from a retirement plan.
Rollover IRAs are often used when an individual receives a lump sum distribution from an employer sponsored retirement plan (e.g. 401(k) or 403(b)) and wants to continue the tax-deferred growth of those retirement funds.
- A retirement savings plan that allows an individual to contribute earnings until they are withdrawn.
- Contributions are subject to annual limits depending on the age of the account owner and may or may not be deductible depending on the individual’s circumstances.
- Earnings accumulate tax deferred until distributed to you at which time the earnings are subject to tax upon withdrawal.
- A spouse may contribute to a separate account subject to the same limits.
- Withdrawals made prior to age 59½ are subject to a 10% penalty unless certain special circumstances apply.
US citizens living anywhere in the world and US resident aliens may open cash or margin Individual Retirement Accounts (IRAs).
IRA margin accounts allow trading so the account can be fully invested as well as the ability to trade multiple currencies and multiple currency products, but are subject to the following limitations:
- No cash borrowing (i.e. cannot have a debit balance or short stocks).
- IRA accounts may be opened in any base currency, but when trading in a non-base currency product, a currency trade must be executed first as you cannot borrow currencies.
- Withdrawals are permitted only in USD.*
- No stock or option cross-margining.
- No currency borrowing.
- Futures trading in an IRA margin account is subject to substantially higher margin requirements than in a non-IRA margin account. Margin rates in an IRA margin account may meet or exceed three times the overnight futures margin requirement imposed in a non-IRA margin account.