Invest IRAs

Take charge of your retirement.

Prepare for what's ahead with an easy-to-manage, tax-advantaged Individual Retirement Account.

Invest in future you with the right IRA plan.

When it comes to retirement plans, one size doesn’t fit all. You choose.

Traditional IRAs

Consider if: You prefer to make pre-tax contributions now, then pay taxes in the future when the money’s withdrawn

Contribute before paying taxes, and enjoy tax-deferred growth
Pay income tax when you withdraw
Contributions may be tax deductible in the year they’re made (subject to limits specified by the IRS )
With automated payroll deductions, your take-home pay will be higher than with a Roth IRA plan

Roth IRAs

Consider if: You prefer to make after-tax contributions now, so you won’t have to pay taxes in the future when the money’s withdrawn

Contribute after paying taxes, and enjoy tax-free growth
No income tax when you withdraw (subject to some exceptions)
Contributions aren’t tax deductible
With automated payroll deductions, your take-home pay will be lower than with a traditional IRA plan

More about contribution guidelines

Keep in mind, Ally Invest doesn’t provide tax advice. If you have questions regarding your taxes, visit IRS.gov or consult a tax professional.

Consider your choices.

If you're close to retirement, potentially consider one of our Ally Bank IRA selections . They may be better suited for the shorter term with more consistent returns. Plus, they’re FDIC insured to applicable limits.

Manage your investments in one place with a rollover IRA.

Consider if: You want to consolidate your old 401(k)s or 403(b)s into a single IRA that offers a wide range of investment selections.

Learn More About Rollover IRAs

Your nest egg is waiting. Take the next step.

Decide which account you’ll use to fund your IRA. You’ll then select your IRA plan while opening the account.

Robo Portfolios

Let our Ally Invest robo-advisor do the work to monitor and rebalance your portfolio, as needed
Start with just $100
No advisory fees for our cash-enhanced portfolio
Each curated portfolio includes a diverse mix of ETFs for a more diversified investment

Create Your Plan

Learn More

Self-Directed Trading

Manage your own investments
No account minimum to get started
Trade commission-free on U.S.-listed stocks, ETFs, and options
Access to thousands of securities for diversification

Open Account

Learn more

Personal Advice

Get a view of your entire financial picture and a plan for wherever life takes you from your dedicated advisor
Eliminate unwanted surprises with goal-focused guidance for all your assets
Blended annual advisory fee from 0.85% to 0.75%
Get started with at least $100,000 in investable assets

Schedule a Call

Learn more

Ally Invest fees, a short story.

You shouldn't be nickel and dimed for having an Invest IRA.

We don’t charge for the essentials

Annual fee

$0
Monthly maintenance fee

$0
Transfer fee into a rollover IRA

$0
Commission fee on eligible U.S.-listed stocks, ETFs, and options

$0
Cash-enhanced Robo Portfolio

0.00%

annual advisory fee

…and won’t hide the fees we do have.

IRA account closure fee

(charged when all funds are removed)

$25
Full account outgoing transfer fee

($50 transfer fee and a $25 termination fee)

$75
Full and partial IRA account outgoing transfer fee

$50
Market-focused Robo Portfolio

0.30%

annual advisory fee
Per contract fee for options

$0.50
Personal Advice portfolio

0.75-0.85%

annual advisory fee

View details and disclosures | About our commissions and fees | Options disclosure

FAQs

We have answers.

In an IRA, you can trade stocks, ETFs, mutual funds, and fixed income products such as bonds or CDs. Because industry regulations prohibit IRA accounts from having margin, short selling and selling naked options aren't allowed.

You may also be able to make up to Level 3 option trades in your IRA. Depending on your approval level, you may be able to use strategies such as: covered calls, cash-secured puts, long puts and calls, spreads, and other multi-leg strategies. Review our Option Account Agreement and Application (PDF) to learn more about our requirements for trading options at Ally Invest.
The easiest way to fund an IRA is through a bank (ACH) transfer. Once you open an account, you can link your bank account to your Ally Invest account by selecting Transfers and then Linked Bank Accounts. After you link your bank account, you can make contributions any time you want or set up an automatically recurring contribution.

You can also fund your IRA through a bank wire or by sending us a check. When funding by these methods, be sure to indicate the contribution year on your wire or check so we can properly label your contribution.

Lastly, you can contribute to an IRA by performing a transfer of cash from an existing individual or joint Ally Invest account. If performing a journal from a joint account to an IRA Account, the original IRA Contribution Form will need to be notarized and mailed to Ally Invest. Download the journal request form (PDF)
We don't charge an annual fee for maintaining an Ally Invest IRA account. There’s a $25 fee for terminating an Ally Invest IRA account, which is charged when all funds are removed from the IRA. If you make a full transfer out of your Ally Invest IRA account, there's both a $50 transfer fee as well as the previously mentioned $25 termination fee. Partial account transfers have a $50 transfer fee.
For individual or joint accounts:
To change or add a beneficiary to a non-IRA Ally Invest account, complete the Beneficiary Form (PDF), have it notarized, and mail it to:
Ally Invest
PO Box 30248
Charlotte, NC 28230

For IRA accounts: While opening an Ally Invest IRA account online, you'll be asked to identify at least one primary beneficiary for your account. To update or change your beneficiary, complete the IRA Beneficiary Designation (PDF). Be sure to sign it, then upload it in the forms section after logging in to your account, or fax it to 1-866-699-0563.
Traditional IRA: An Individual Retirement Account (IRA) allows investors to deposit income, up to a specific annual maximum, toward investments that can grow tax-deferred (no capital gains or dividend income is taxed). Contributions to a traditional IRA may be tax deductible depending on the taxpayer's income, tax-filing status, and other factors. Learn more about traditional IRAs

Roth IRA: A Roth IRA is a retirement account in which contributions are not tax deductible (contributions are made with post-tax dollars). Roth IRAs do allow for tax exempt distributions. Learn more about Roth IRAs

Rollover IRA: A rollover IRA is a retirement account designed to facilitate the movement of holdings from a corporate retirement plan, such as a 401(k) plan. The rollover IRA is interchangeable with a traditional IRA. Contributions may be tax deductible depending on the client's income level. Learn more about rollover IRAs
You can use any of our Ally Invest accounts to fund your IRA:
Self-Directed

Robo Portfolios

Personal Advice
If you're closer to retirement, you may want to consider one of our Ally Bank IRA options instead. They're FDIC-insured and better suited for the shorter term with more consistent returns.

We offer the following accounts:
IRA High Yield CD

IRA Raise Your Rate CD

IRA Savings Account

Still have questions? Visit our Help Center.