What is the minimum account balance in order to start an IRA with iTrustCapital? What is the minimum account balance in order to start an IRA with iTrustCapital?

What is the minimum account balance in order to start an IRA with iTrustCapital?

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The minimum to open an iTrustCapital account is $1,000. The maximum to fund an account is based on IRS limitations for cash contributions. There is no maximum for IRA Transfers or Qualified Plan Rollovers. 

The minimum amount for additional deposits (rollovers, transfers and contributions) is $500.

The maximum yearly contributions in both a Traditional and Roth IRA are $6,000 if you are under 50 years old, and $7,000 if you are 50 years old. The maximum contribution for SEP IRAs is $61,000 for 2022. Please consult with a tax professional regarding what makes sense for you.

For more information, please visit the IRS website.