How to Open an IRA Account




The Internal Revenue Service (IRS) oversees the tax collection process for the federal government. It collects taxes on income earned through employment, investments, business activities, and gifts.




Opening an IRA account is easy. All you need is a bank account and a checking or savings account. Once you’ve opened the account, you’ll want to deposit money into it. This could be cash, a check, or any other form of currency.







Open an IRA at a bank




You need to have $5000 in your account to open an IRA. You can do this by opening a savings account at a local bank. If you don’t have any money in your account yet, you can use a credit card to deposit funds.





Open an IRA at an online broker




If you want to open an IRA at an online brokerage firm, you’ll need to first set up an account with them. Once you’ve done that, you’ll be able to fund your account using a debit card or wire transfer.






Open an IRA at Schwab





Schwab offers a free checking account that’s perfect for people who want to open an IRA. To get started, just go to and follow the instructions.








Open an IRA at Fidelity




Fidelity makes it really easy to open an IRA. All you need to do is go to and click on the link to open an IRA.






Open an IRA at TD Ameritrade






TD Ameritrade lets you open an IRA for free if you’re willing to invest in their mutual funds. Just visit to learn how.






Open an IRA at Vanguard





Vanguard makes it easy to open an IRA for free. Visit to start investing today!





Open an IRA at Charles Schwab & Co.



Charles Schwab & Co. makes it easy to open a traditional IRA for free. Go to to open yours now!