IRA Selector
Decided to open an IRA?
Use this tool to help you understand your options.
Use this tool to help you understand your options.
Morgan Stanley Smith Barney LLC, its affiliates and its employees do not provide legal or tax advice, and you should always consult your own legal and/or tax adviser regarding your personal circumstances before taking any action that may have legal and/or tax consequences.
Before deciding whether to retain assets in a retirement plan account through a former employer, roll them over to a qualified retirement plan account through a new employer (if one is available and rollovers are permitted), or roll them over to an IRA, an investor should consider all his or her options and the various factors including, but not limited to, the differences in investment options, fees and expenses, services, the exceptions to the early withdrawal penalties, protection from creditors and legal judgments, required minimum distributions, the tax treatment of employer stock (if held in the qualified retirement plan account), and the availability of plan loans (i.e., loans are not permitted from IRAs, and the availability of loans from a qualified retirement plan will depend on the terms of the plan). For additional information, view the FINRA Website.
The information provided by this educational tool: (1) is designed to help you understand some of the common questions related to choosing an IRA; (2) is derived from publicly available information from the IRS and other sources and is consolidated here as a convenience to you; and (3) neither is, nor should be construed as, investment or account type advice, financial guidance or an offer or a solicitation or recommendation to open a particular account, buy, sell, or hold any security, or to engage in any specific investment strategy.