Traditional IRA An IRA (Individual Retirement Account) is a voluntary, tax-sheltered retirement plan for wage-earning individuals and/or their spouses. Contributions may be tax deductible (based on adjusted gross income) and grow tax deferred. Income earners and their spouses may each contribute annually until the age of 70 1/2. Distributions must commence upon reaching age 70 1/2.
Annual Per Fund Maintenance Fee:
$10 ($20 maximum per Social Security Number)
Transaction Fee (Transfers & Redemptions):
$10
Set Up Fee:
$5
Account Minimum:
$1000
Open a new Traditional IRA Account - Registration Checklist In order to complete the account registration process, you will need to have certain personal financial information available to you. Please review and print this checklist before you begin. Open Account
Your Social Security Number.
The names of the Oakmark funds in which you want to invest. (Click here for an overview of the Oakmark Funds.)
The names, birth dates, and Social Security numbers of your beneficiaries (optional).
Your Bank Account Number (either checking or savings, whichever you prefer).
Your Bank's Routing Number - See below for an example of where to find your bank's routing number.
Please read the IRA Disclosure Statement for an explanation of Oakmark's IRA policies and IRS regulations governing IRAs.
