Invest in future you with the right IRA plan.
Manage your investments in one place with a rollover IRA.
Fees, a short story.
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:
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.
|Type of Limits||Traditional||Roth|
|Maximum annual contribution limits||$6,000 age 49 or younger; $7,000 age 50 or older||$6,000 age 49 or younger; $7,000 age 50 or older|
|Contribution deadlines||You typically have until Tax Day (April 15) to make an IRA contribution for the prior year. However, due to COVID-19, you may make 2019 contributions until July 15, 2020.||You typically have until Tax Day (April 15) to make an IRA contribution for the prior year. However, due to COVID-19, you may make 2019 contributions until July 15, 2020.|
|Income limits||Income does not affect how much you can contribute, but it may affect how much you can deduct.||Contribute up to the annual maximum if you are a single filer with an income of $124,000 or less or a joint filer with an income of $196,000 or less. As income levels increase above these limits, eligible maximum contribution limits decrease.|
|Age limits||Contribute at any age.||Contribute at any age.|