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IRAs and rollovers to fit your retirement goals

You need a trusted IRA provider who shares our commitment to serving you and helping you meet your financial goals. That's why we've chosen Charles Schwab & Co., Inc. (Schwab).

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Schwab shares our commitment to meeting your needs and championing your financial goals with integrity.

What's an IRA?

An individual retirement account, or IRA, is a personal retirement savings account.

Even if you've signed up for an employer-sponsored plan like a 401(k), 403(b) or TSP, you can still open an IRA to boost your savings and add flexibility to your budget.

Here are some investments you can make inside an IRA:

  • Stocks
  • Mutual funds and exchange-traded funds, or ETFs
  • Bonds and CDs
  • Target date funds

Common types of IRAs

While Schwab offers several types of IRAs, here are 3 of the most common types:

Traditional

A traditional IRA uses pretax money that's taxed on withdrawal in retirement.

Roth

A Roth IRA uses after-tax money, so qualified withdrawals in retirement are tax-free.

Rollover

A rollover allows you move an employer-sponsored retirement plan and keep its tax advantage.

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How Schwab can help you reach your retirement goals

$0 minimum deposit

Open an account with no minimums and pay $0 for online listed equity trades.‍ ‍ See note 1

Online tools and resources

Get access to planning resources, a complimentary financial plan and more help to manage your future.

24/7 professional guidance

Get financial advice and access to convenient support from over 300 branches across the nation.

Differences between a Roth IRA and a traditional IRA

Roth IRA

  • Contributions are not tax deductible.
  • Withdrawals are generally tax-free and penalty free after five years and after age 59½.
  • Income eligibility limitations.

Traditional IRA

  • Contributions may be tax deductible.
  • Withdrawals of pre-tax contributions and earnings are taxed as current income during retirement.
  • No income limitations.

Get on track with a complimentary financial plan.

Saving for retirement is one of the most important goals you can have. That's why Schwab offers a complimentary digital financial plan with every account. Find out what it'll take to retire the way you want.

Learn more

See your accounts in one place.

You can view your Schwab accounts alongside your USAA accounts — all without leaving usaa.com or our mobile app. Check your general information and balance with us or go straight to schwab.com with no additional logon required to manage your account.

Connect your accounts

IRA and rollovers FAQ

  • Social Security number
  • Driver's license
  • Employer's name and address if you have one
  • Statement information for assets or cash you'd like to transfer

You'll need to open an IRA at Schwab and complete any forms required by your former employer. Before you roll over your 401(k) or TSP, review all your options so you can make the right choice.

Discover more investing resources.

You can invest confidently when you brush up on investing basics and get familiar with your options.

Learn more about investing

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Important information from USAA Investment Services Company (ISCO):
Review our relationship with you in our Relationship Summary PDF.

Important information from Schwab:

Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

Find IRAs to fit your retirement goals.

Schwab is ready to help you.

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Learn more about Schwab

Learn more about USAA Investment Services Company or Charles Schwab on FINRA's BrokerCheck website.

Important information from USAA Investment Services Company (ISCO):
Review our relationship with you in our Relationship Summary PDF.

Important information from Schwab:

Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

Related footnotes:

  1. Investment and Insurance Products are: Not Insured by the FDIC or Any Federal Government Agency; Not a Deposit or Other Obligation of, or Guaranteed by, the Bank; and Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested.

  2. Past performance is no guarantee of future results.

Related footnotes:

  1. Standard online $0 commission does not apply to over-the-counter (OTC) equities, transaction-fee mutual funds, futures, fixed-income investments, or trades placed directly on a foreign exchange or in the Canadian market. Options trades will be subject to the standard $0.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Industry fees, ADR fees, and Stock Borrow fees still apply. See the Charles Schwab Pricing Guide for Individual Investors for additional details.

Related footnotes:

  1. Life insurance and annuities provided by USAA Life Insurance Company, San Antonio, TX and in New York by USAA Life Insurance Company of New York, Highland Falls, NY. All insurance products are subject to state availability, issue limitations and contractual terms and conditions. Each company has sole financial responsibility for its own products.

  2. This site is designed for U.S. residents. Non-U.S. residents are subject to country-specific restrictions.

  3. USAA Investment Services Company (ISCO), a registered broker-dealer and a registered investment adviser, provides referral and marketing services on behalf of Charles Schwab & Co., Inc. (Schwab), a dually registered investment adviser and broker-dealer. Schwab compensates ISCO for these services.

  4. Prior to requesting an IRA rollover from a qualified retirement plan (Plan) account or Thrift Savings Plan (TSP) account, consider whether such a rollover is appropriate for you. A TSP is a retirement plan for military or civilian employees of the U.S. government. Although IRA rollovers may have certain advantages, Plan/TSP accounts have advantages you should consider before proceeding which may include, but are not limited to, low administrative and investment expenses and, if you separate from service at age 55 or older, you have penalty-free access to your Plan/TSP account funds. Additionally, you may want to consider maintaining at least a minimal Plan/TSP account balance because, in the event you want to transfer or rollover qualified assets to your Plan/TSP account in the future, to the extent it is allowed by your Plan/ TSP, you may be required to have an open Plan/TSP account with a balance when your request is received by that Plan/TSP. You should consult your tax advisor regarding your specific situation to determine whether a Plan/TSP account rollover to an IRA would be suitable for you.

  5. The Charles Schwab Corporation provides a full range of brokerage and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (Member SIPC), and its affiliates offer investment services and products, including Schwab brokerage accounts.

    Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons.

  6. Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. Shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).

  7. All third party trademarks are the property of the respective owners and are used by USAA with permission.

  8. This tax information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends that you consult with a qualified tax advisor, CPA, financial planner, or investment manager. Depending on the type of account you have, there are different rules for withdrawals, penalties, and distributions. Please understand these before opening your account.

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