Roth IRA

Tax-free growth potential

  • Use the IRA Selector tool to see if you qualify for a Traditional or a Roth IRA
  • Contribute on an after-tax basis and make qualified withdrawals at any time
  • Automate your retirement investing with Core Portfolios (low $500 minimum)
  • Enjoy fast, easy withdrawals at age 59½ with free cash management features2

Why open a Roth IRA?

Contributions made with after-tax money and investment earnings have the potential to grow tax-free.
Compare investment accounts to see if a Roth IRA account is right for you.

check icon - image

Eligibility information

Anyone with earned income that doesn't exceed income limits of $137,000 in 2019 for single filers and $203,000 in 2019 for joint filers is eligible for a Roth IRA

check icon - image

Make contributions after you turn age 70½

Unlike with Traditional IRAs, you may continue making contributions into a Roth IRA after you turn 70½, as long as you have earned income.

check icon - image

Tax-free withdrawals on qualified distributions

Qualified distributions are tax- and penalty-free to both account holders and beneficiaries3

check icon - image

No required minimum distributions (RMDs)

No RMDs beginning at age 70½ for account holder

Get up to $600 for deposits or transfers of $25k or more.1  How it works

Get up to $600 for deposits or transfers of $25k or more.1 How it works

Trade more, pay less

With E*TRADE, you pay $0 commissions for online stock, ETF and options trades. Here’s a quick overview of our clear, competitive per-trade pricing.


See all FAQs

Already have an IRA? Contribute now.

What are the eligibility requirements for Roth IRA?


  • Must be 18 years of age or older with earned income
  • Can continue to make contributions after age 70½, as long as an investor has earned income
  • Must have MAGI (Modified Adjusted Gross Income) under certain thresholds (see ‘Single Filers’ or ‘Joint Filers’ for additional information). If an investor exceeds the income limitations for a Roth IRA, they can consider contributing to a Traditional IRA. Contributions will not be tax-deductible; however, an investor will still benefit from the potential of tax-deferred growth. Additionally, Traditional IRA contributions may be converted to a Roth IRA at any time.
  • To apply online, you must be a U.S. citizen or resident
  • Roth IRAs must be established by the tax filing deadline (without extensions) for the tax year to which your qualifying contribution(s) will apply. This date is generally April 15 of each year. Applications postmarked by this date will be accepted.

Single Filers:

  • If an investor’s MAGI is less than $122,00 in 2019, they may be eligible to make a full contribution. If their MAGI is between $122,000-$137,000 in 2019, they may be eligible to make a partial contribution. An investor is not eligible to make a contribution if their MAGI is more than $137,000 in 2019.

Joint Filers:

  • If a couple’s combined MAGI is less than $193,000 in 2019, they may be eligible to make a full contribution. If their combined MAGI is between $193,000-$203,000 in 2019, a couple may be eligible to make a partial contribution. They are not eligible to make a contribution if MAGI is more than $203,000 in 2019.


Modified adjusted gross income (MAGI) is used to determine whether a private individual qualifies for certain tax deductions. Most notably, it is used to determine how much of an individual's IRA contribution is deductible and whether an individual is eligible for premium tax credits.

What are IRA contribution limits and deadlines?

The amount an investor can contribute to a Roth IRA depends on various factors, such as Modified Adjusted Growth Income (MAGI) and tax filing status. View Roth IRA Contribution Limits and Deadlines to learn more.

How can an investor contribute to an IRA?

An investor can contribute to an IRA account by transferring funds online from a bank or brokerage account, sending a check, or completing a wire transfer. For more information about ways to make a deposit to an account, see the Help topic, Contribute to an IRA account

An investor is allowed to contribute 100% of earned income up to the annual contribution limit. View IRA Contribution Limits and Deadlines to learn more. 

What is a Roth IRA conversion and how can it be requested?

A Roth IRA conversion is the process of moving assets from a Traditional, Rollover, SEP, or SIMPLE IRA to a Roth IRA. The account owner can convert all or a portion of their IRA. If the account owner is converting a SIMPLE IRA, the account must have been opened for at least two years to be eligible. The deadline to complete a Roth IRA conversion is December 31 of each year. Please note: The recharacterization of Roth Conversions is no longer permitted due to the Tax Cut and Jobs Act. Read more if you are thinking about a Roth IRA conversion. For questions specific to your situation, please speak to your tax advisor. A Roth IRA conversion can be requested by using the online Roth IRA Conversion Request Form.

Explore similar accounts

Traditional IRA

Potential tax-deductible contributions

Save for retirement with tax-deductible contributions and tax-deferred growth potential.

Rollover IRA

Take control of retirement savings

Whether you have changed jobs or retired, you have options when considering what to do with a former employer's plan. Be sure you know the pros and cons of each choice.

Personalized Investments

Professional management, diversified portfolios

Tap into professional money management from E*TRADE Capital Management. Choose from an array of customized managed portfolios to help meet your financial needs.