What is the minimum and maximum amount per account? What is the minimum and maximum amount per account?

What is the minimum and maximum amount per account?

Daniel Bennett Daniel Bennett

The minimum to open an iTrust 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. 

Each additional deposit (transfer, rollover, or cash contribution) has a minimum of $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.