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Learn more about a Traditional IRA

What is a Traditional IRA?

A Traditional IRA is a retirement account that allows individuals to contribute up to a certain amount that may be tax-deductible. The funds are then able to grow tax-deferred until qualified distributions are taken which may be subject to income tax. Distributions are able to be taken out of a Traditional IRA without penalty starting at age 59 1/2. Once the account holder reaches 70 1/2 distributions are then required to be taken from the account. The contribution limit for both 2013 and 2014 is $5,500.

To learn more about a Traditional IRA and your eligibility please see the IRS website

How do I open a Traditional IRA?

Opening a Traditional IRA is easy.

New Customer

Visit and click the "Open an Account" button. Applications are typically reviewed within minutes. You will receive an e-mail once the application has been processed.

Existing Customers

Simply log into your account, then navigate to Client Services > Open New Account. This will ensure your Traditional IRA account is linked to your current Username.

What are the benefits to a TradeKing Traditional IRA?

Open a TradeKing Traditional IRA and take advantage of our low commissions at just $4.95 per equity trade. Option trades are only $4.95, plus $.65 per contract.* Access our free suite of tools, including TradeKing Live1, our streaming trading platform that allows you to manage your portfolio in real-time.

You may choose to trade basic option strategies, stocks, mutual funds, bonds and more with your TradeKing Traditional IRA. Have questions? Give our #1-ranked customer service team** a call at 877-495-5464, or contact us by e-mail, live chat, Facebook, or Twitter. We’re here to help.

Interested in learning more about other IRA accounts? Check out the links below for more information:

Roth IRA
Rollover IRA
Rolling over a 401(k)

Find Out For Yourself

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