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Traditional IRA

A Traditional IRA is a personal savings plan that gives you tax advantages for saving for retirement. Contributions to a Traditional IRA may be tax deductible–either in whole or in part.  Also, the earnings on the amounts in your IRA are not taxed until they are distributed. The portion of the contribution that was tax deductible also does not get taxed until distributed.
You can set up and make contributions to a Traditional IRA if:

• You (or, if you file a joint return, your spouse) received taxable compensation during the year, and
• You were not age 70½ by the end of the year

You can have a Traditional IRA whether or not you are covered by any other retirement plan.  However, you may not be able to deduct all of your contributions if you or your spouse is covered by an employer retirement plan.  There is no income eligibility limit to contribute.

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You may open a Traditional IRA online, download account forms or request an account kit by calling 1-800-786-9000.

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Rollover IRA

Consolidate all of your IRAs into one convenient account.

A rollover is the process of moving your retirement savings and assets from one retirement plan to another retirement plan. The contribution to the second retirement plan is called a “rollover contribution.”

A 401(k) rollover from a previous employer's plan could be beneficial if you are changing employers, retiring or already enjoying retirement. Rolling over to an IRA usually allows you to keep your savings tax-deferred, avoids early withdrawal penalties and typically gives you a broader choice of investments.

In additional to web-based trading and low commissions, access other investment products including: 

• Certificates of Deposit (CDs)
• Fixed income products such as government and corporate bonds. Click here for Current Fixed Income Offerings
• Nearly 600 Mutual Fund Families

To consolidate all of your IRAs into one convenient No Annual Fee account:

• Open a Regal Rollover IRA account
• Contact your former employer(s) for their rollover requirements
• Notify your former plan of your Regal account number and with transfer instructions

Where can you rollover to? Rollover Chart

For more information on making the decision to rollover your plan(s), visit the IRS Retirement Plans Community

You may open a Rollover IRA online, download account forms or request an account kit by calling 1-800-786-9000.

Regal Discount Securities does not charge annual IRA or other miscellaneous fees, but you may be subject to fees or other limitations with respect to a rollover transaction or account consolidation.

Regal Discount Securities does not provide tax advice and you should seek the advice of a tax-planning professional with regard to your personal circumstances and fully understand how an investment may affect your tax liability.

A $50.00 closing fee applies to closed or outgoing Regal Discount Securities IRA transfers.

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Roth IRA

Unlike a Traditional IRA, a Roth IRA offers tax-deferred growth and potentially tax-free withdrawals once you reach retirement. For example, contributions to a Roth IRA are not tax deductible while contributions to a traditional IRA may be deductible. However, while distributions (including earnings) from a traditional IRA may be included in income, the distributions (including earnings) from a Roth IRA are not included in income as long as you satisfy the requirements.

Benefits of a Roth IRA

• Contributions can be made to your Roth IRA after you reach age 70½
• You can leave amounts in your Roth IRA as long as you live
• Withdrawals of contributions are free from federal income tax
• Withdrawals of earnings are free from federal income tax if you satisfy the requirements:
• If it been at least 5 years from the beginning of the year in which you first set up and contributed to a Roth IRA
• You are age 59½ or older at the time of distribution
• If the distribution being used to buy or rebuild a first home
• If you have become disabled or have passed away

If you do not meet the requirements, the portion of the distribution allocable to earnings may be subject to tax and it may be subject to the 10% additional tax.

You may open a Roth IRA online, download account forms or request an account kit by calling 1-800-786-9000.

Roth Conversion Request Form

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Coverdell ESA

Saving for college can be simple with the right investment program. A Coverdell Education Savings Account (ESA) is an account created as an incentive to help parents and students save for education in elementary, secondary, and post-secondary educational institutions.

Coverdell ESA Highlights:

• Contribute up to $2,000 per year until the beneficiary’s 18th birthday. (If you meet the eligibility requirements. Eligibility varies depending on the income level of the contributor).
• Beneficiary may have more than one account in his or her name.
• Contributions to a Coverdell ESA are not tax deductible, but amounts deposited in the account grow tax free until distributed.
• Withdrawals may be used for K–12 expenses as well as college.
• Account earnings grow tax-deferred. Distributions are typically tax-free when the money is used before the beneficiary reaches the age of 30 and is used for qualified education expenses, such as tuition, fees, books, and room and board.

Download Coverdell ESA Forms

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SEP IRA

An Easy, Low-Cost Retirement Plan

A SEP is a Simplified Employee Pension Plan in which employers make contributions to traditional IRAs set up for employees, including self-employed individuals (subject to certain limits). A SEP is funded solely by employer contributions. Each employee is always 100% vested in or, has ownership of all money in his or her SEP IRA.

SEP Highlights:

• Can be setup by a business of any size, even a self-employed individual
• Is easy to set up and operate
• Has low administrative costs
• Also, have flexible annual contribution obligations–a good plan if cash flow is an issue.

You may open a SEP IRA online, download account forms or request an account kit by calling 1-800-786-9000.

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SIMPLE IRA

A SIMPLE IRA plan is a Savings Incentive Match Plan for a small business with 100 or fewer employees. Employees and employers can contribute to Individual Retirement Accounts set up for employees; subject to certain limitations. Each employee is always 100% vested in or has ownership of all money in his or her Simple IRA.

Simple IRA Advantages:

• Easy to set up and run.
• Administrative costs are low.
• Employees contribute on a tax-deferred basis, through convenient payroll deductions.
• Employers can choose to either match employee contributions or contribute a fixed percentage of all eligible employees’ pay.

Download Simple IRA Forms

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Solo 401(k)

Solo 401(k) for Self-Employed Individuals

A Solo 401(k) is specifically for self-employed individuals or business owners who have no full time W-2 employees other than themselves and/or their spouse. Sole proprietorships, independent contractors, partnerships, and corporations (subchapter S and C corporations) qualify for a Solo 401(k).
For sole proprietors, the Solo 401(k) offers the same plan options, contribution limits, and flexibility available in 401(k) plans for companies with multiple employees. As a result, self-employed business owners can maximize their retirement contributions.

The deadline for establishing a Solo 401(k) is December 31 of the year in which you would like to receive the tax deduction or your fiscal year end.

Key Benefits of a Solo 401(k)

• Higher Contribution Limits: Tax-deferred contributions can be up to three times that offered by other types of retirement plans
• Flexible Annual Contributions: Plan contributions can be increased or decreased or stopped on a year by year basis
• Consolidation: Ability to consolidate assets from Traditional IRAs or other retirement plans
• Tax Deferred Growth: Contributions and investment earnings grow tax deferred

Download Solo 401(k) Account Forms

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Employee Profit Sharing Plan (PSP)

Invest in Stocks, Options*, Mutual Funds, and Fixed Income Products

Employee Profit Sharing Plans for small business are convenient, easy to establish, and require no annual fees for employees.

As an employer, contributions to a profit sharing plan are discretionary. Having a profit makes it easier to contribute, but you don’t need profits in order to make contributions to a profit sharing plan. There is no set amount that you need to make allowing greater flexibility in contributions which are strictly discretionary.

Highlights:

• You may have other retirement plans
• Money goes into a separate account for each employee
• Only the employer contributes
• You can have a business of any size
• Must file Form 5500 annually

Consult with your tax professional to ensure the plan you choose is suitable for your business profile.

Download PSP Account Forms

* Eligibility to trade options in an IRA is determined by individual suitability.

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Qualified Money Purchase Plan (MPP)

Money Purchase Retirement Plans For a Business of Any Size

Money Purchase Retirement Plans have a required contribution percentage made by the employer, on behalf of the plan participants each year. You can make the plan as simple or as complex as you want. There are also pre-approved Money Purchase Plans available to simplify administrative tasks.
If you establish a Money Purchase Plan, you:

• May have other retirement plans
• Can have a business of any size
• May contribute as an employer and/or an employee
• Possibly may grow a larger account balance than under some other arrangements

Download MPP Account Forms

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