Roth IRA

Let your earnings
grow tax-free

Avoid paying income tax on qualified withdrawals

Roth IRA Benefits

Item 1 of 4: Contribute using your after‑tax dollars
Item 2 of 4: Enjoy potentially tax-free growth for your assetsFootnote 1
Item 3 of 4: Make withdrawals without paying income tax
Item 4 of 4: Invest in stocks, mutual funds, ETFs and more
Q&A

What is my contribution limit for a Roth IRA?

You may be eligible to contribute up to $7,000 per year, $8,000 if you're over 50.Footnote 2

What's a key difference between a traditional and a Roth IRA

With a traditional IRA your contributions may be tax deductible. Taxes are deferred until you make withdrawals. With a Roth IRA, you always contribute after-tax dollars and make potentially tax-free withdrawals in retirement.
Learn more about IRAs at Merrill

Retirement Account Selector

Which retirement account is right for you?

Compare the features of retirement accounts available at Merrill, find out which ones you're eligible for and learn about details like contribution limits and potential tax advantages.

Item 1 of 3: I am an employee

I want to know whether a traditional or Roth IRA is right for me

Item 2 of 3: I am self-employed

I want to learn about my choices

Item 3 of 3: I am a business owner

I want to learn about choices for me, my business and any employees I might have

IRA Conversion Calculator

Interested in a Roth IRA conversion?

You may be able to convert your account to a Roth IRA. Accounts eligible for a Roth IRA conversion include:
  • Traditional IRA
  • SEP IRA
  • SIMPLE IRAFootnote 3
  • Other tax-qualified retirement plans such as 401(k)s, 403(b)s and 457(b)sFootnote 4
Interested but not sure where to start? Use our online calculator to find out if a conversion is right for you.

See what else your Merrill account has to offer

Item 1 of 3: Explore a Traditional IRA account

A traditional IRA allows you to make contributions using pre-tax dollars and defer taxes until you make qualified withdrawals in retirement.Footnote 2
Learn more about Traditional IRAs at Merrill

Item 2 of 3: Rollover to a Merrill IRA

You can roll over to an IRA, convert to a Roth IRA, roll over to your new employer, take a distribution, or leave the account where it is.Footnote 5
Learn more about your choices at Merrill

Item 3 of 3: Decide how you want to invest

Make your own investments or have Merrill investment professionals manage your portfolio for you, with the option to work with an advisor.
Compare your options at Merrill
Merrill Guided Investing Bonus Offer

Get started with Merrill Guided Investing and pay $0 in program fees for 6 months.

Open an account  with Merrill Guided Investing
Use offer code: 6FREE
Footnote *Conditions and other fees apply

Discover your investment choices

Find the investments that work for your portfolio, whether you're interested in trading stocks, ETFs, mutual funds or fixed income investments.
Stocks investing with Merrill Mutual Funds investing with Merrill ETFs investing with Merrill Fixed Income investing with Merrill CDs investing with Merrill
Merrill offers transparent pricing for trades, account services and investment advisory programs.
Learn more about pricing at Merrill

Ready to get started?

Open an account with Merrill
Or call us at 855.488.5245

Frequently Asked Questions

Expand all

Footnote asterisk 
Other fees may apply. Sales of ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs and mutual funds. To learn more about Merrill pricing, visit our Pricing page.
Footnote 1 There is a single, 5-year holding period when determining whether earnings can be withdrawn federal (and, in most cases, state) income tax-free as part of a qualified distribution from a Roth IRA. This period begins January 1 of the year of the first contribution to any Roth IRA account.

Footnote 
Contribution and compensation limits are subject to a cost-of-living adjustment annually pursuant to the Internal Revenue Code. Contribution and compensation limits for subsequent years may vary.
Footnote 3 After two years of participation.

Footnote 4 Must be eligible for a withdrawal from the plan.

Footnote 5 These options are available if you terminate employment and have a pre-tax balance in your former employer's qualified retirement plan. Options to leave funds in plan or roll over to your new employer's plan may not be available in certain circumstances.

Footnote 
You have choices about what to do with your 401(k) or other type of plan-sponsored accounts. Depending on your financial circumstances, needs, goals and employer plan terms, you may choose to roll over to an IRA or convert to a Roth IRA, roll over a 401(k) from a prior employer to a 401(k) at your new employer, take a distribution, or leave the account where it is (if applicable). Each choice may offer different investments and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment (particularly with reference to employer stock), and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. For more information visit our rollover page or call Merrill at 888.637.3343.
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For broker-assisted trades through Merrill Edge, you will be charged a fee equal to the lower of $29.95 or 5.00% of the principal amount of the transaction. Further, there are indirect fees, such as annual management and other similar fees, that are charged by the manager or sponsor of an exchange-traded fund and of a closed-end fund, as disclosed in the product's prospectus.

Investment products offered through Merrill Lynch, Pierce, Fenner & Smith Incorporated, and insurance and annuity products offered through Merrill Lynch Life Agency Inc.:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

Asset allocation, diversification, and rebalancing do not ensure a profit or protect against loss in declining markets.
The performance data contained herein represents past performance which does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. For performance information current to the most recent month end, please contact us.

Net Asset Value (NAV) returns are based on the prior-day closing NAV value at 4 p.m. ET. NAV returns assume the reinvestment of all dividend and capital gain distributions at NAV when paid.

Market price returns are based on the prior-day closing market price, which is the average of the midpoint bid-ask prices at 4 p.m. ET. Market price returns do not represent the returns an investor would receive if shares were traded at other times.

Returns include fees and applicable loads. Since Inception returns are provided for funds with less than 10 years of history and are as of the fund's inception date. 10 year returns are provided for funds with greater than 10 years of history.

Before investing consider carefully the investment objectives, risks, and charges and expenses of the fund, including management fees, other expenses and special risks. This and other information may be found in each fund's prospectus or summary prospectus, if available. Always read the prospectus or summary prospectus carefully before you invest or send money. Prospectuses can be obtained by contacting us.

Mutual Funds and Exchange Traded Funds: Expense Ratio – Gross Expense Ratio is the total annual operating expense (before waivers or reimbursements) from the fund's most recent prospectus. You should also review the fund's detailed annual fund operating expenses which are provided in the fund's prospectus.

Closed End Funds: Expense Ratio – Gross Expense Ratio is the ratio of the fund's total annual operating expense (before waivers or reimbursements) to average net assets as of the date of the fund's most recent annual report. You should also review the fund's detailed annual operating expenses disclosed by the fund in its annual reports, semi-annual reports, and other public filings.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory and other services. Additional information is available in our Client Relationship Summary (Form CRS) (PDF).

Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp.").
Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation ("BofA Corp.").

Merrill Lynch Life Agency Inc. ("MLLA") is a licensed insurance agency and wholly owned subsidiary of BofA Corp.

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