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Retirement Planning

Individual
Retirement Account

Prepare for a secure retirement with greater returns than standard savings and tax advantages that fit your needs. Whether you plan to travel, start a new hobby, or enjoy time with family, we help you achieve financial security.

Open IRA Account Compare IRA Types
Individual Retirement Account
Long-Term Growth
Tax-advantaged retirement savings
Active
Traditional
& Roth Options
$2,500
Minimum to Open
$0
Annual Fees
50+
Catch-Up Eligible
$1,000
Extra Catch-Up
FDIC
Insured Deposits
Account Overview

Why Choose Our IRA?

Save for retirement with tax advantages, competitive interest rates, and flexible terms designed to grow your nest egg securely.

Tax Advantages

Traditional IRAs offer tax-deductible contributions today. Roth IRAs provide tax-free withdrawals in retirement. Choose what works best for your situation.

Competitive Returns

Earn interest higher than regular savings accounts. Your retirement funds grow faster while staying protected and accessible when you need them.

Catch-Up Contributions

Ages 50 and better can contribute an extra $1,000 annually. Catch up on retirement savings and make the most of your peak earning years.

Choose Your IRA

Traditional vs Roth IRA

Both offer powerful benefits. The key difference is when you see the tax advantage — today or at retirement.

Traditional IRA

Tax Relief Today

Contributions may be fully or partially tax-deductible in the year they are made. You pay taxes when you withdraw in retirement.

Tax-deductible contributions
Tax-deferred growth
Pay taxes at withdrawal
Required minimum distributions at 73
Roth IRA

Tax-Free Retirement

Contributions are made with after-tax dollars. Withdrawals in retirement are completely tax-free, including all earnings.

No tax deduction today
Tax-free growth forever
Tax-free withdrawals in retirement
No required distributions
Account Details

Everything You Need to Know

Simple, transparent terms with no hidden fees. Open your IRA with confidence and start building your retirement today.

1
$2,500 Minimum Deposit to Open
Start your retirement journey with a manageable opening balance that unlocks competitive interest rates.
2
No Annual or Setup Fees
Every dollar you contribute goes toward your retirement. We do not charge maintenance, setup, or hidden fees.
3
Annual Contribution Limits Apply
IRS sets annual limits based on your age and income. We help you track and maximize your contributions.
4
Federally Insured
Your deposits are insured up to $250,000 by the FDIC. Your retirement savings are protected and secure.

2024 Contribution Limits

Under Age 50 $7,000
Annual contribution limit
Age 50 and Better $8,000
$7,000 + $1,000 catch-up contribution
All contributions are federally insured and protected

Coverdell Education Savings Account

Create an easier transition into college by setting up a savings account early. A Coverdell ESA provides tax-free growth and financial confidence for a new stage in life.

Tax-free growth on contributions
Use for K-12 and college expenses
Competitive dividend rates
Education Savings

Save for College
Tax-Free

A Coverdell ESA is the smart way to prepare for education costs. Contributions grow tax-free and can be withdrawn without penalty for qualified education expenses from kindergarten through college.

Covers tuition, books, supplies, and qualified equipment
Beneficiary can be changed to another family member
Funds must be used by age 30 or rolled to another ESA
Open Coverdell ESA

Start Building Your
Retirement Today

Open your IRA in minutes and begin earning competitive interest from day one. Traditional or Roth — the choice is yours.

Open IRA Account
Get In Touch

Speak With a Retirement Specialist

Not sure whether Traditional or Roth is right for you? Our retirement planning specialists can help you choose the best path forward.

Email Support
retirement@capitalrecoverylmt.com
Phone Support
+1 (800) 555-0199
Headquarters
1200 Financial District, New York, NY 10004

Request a Consultation

A specialist will contact you within 24 hours.