Opening a Roth, Traditional or Rollover IRA?

Find the IRA option that's right for you and take advantage of the potential tax benefits. Not sure which one to pick? Decide which IRA is right for you.

IRA options
Roth IRA

Contribute after taxes, but withdrawals are tax free in retirement.1

 

Open a Roth IRA

Ira options
Traditional IRA

Allows you to deduct your contributions starting this year.2

 

Open a Traditional IRA

Consolidate your retirement accounts

Rolling other assets into a new IRA?

A rollover into a new or existing TIAA IRA can help you get a clearer view of your financial picture.3

 

Get startedOpens in a new window

Learn more about rollovers

More IRA options from TIAA

SEP & Simple

Small business IRA for you or your employee.

Small business IRA for you or your employee.

Inherited

An IRA left to a beneficiary post-death.

An IRA left to a beneficiary post-death.

Have questions

Contact us

Call 800-842-2252

Weekdays, 8 a.m. - 7 p.m. (ET)

Send us a message

A TIAA consultant will be happy to answer your questions.

1 Withdrawals of earnings prior to age 59, 1/2 are subject to ordinary income tax and a 10% penalty may apply. Earnings can be distributed tax free if distribution is no earlier than five years after contributions were first made and you meet at least one of the following conditions: age 59 1/2 or older or permanently disabled. Beneficiaries may receive a distribution in the event of your death.

2 Income limitations may apply and withdrawals are taxed upon distribution.
3 Before rolling over or consolidating assets, consider your other options. You may be able to leave money in your current plan, withdraw cash or roll over the assets to your new employer's plan if one is available and rollovers are permitted. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. Speak with a TIAA consultant and your tax advisor regarding your situation. Learn more at TIAA.org/reviewyouroptionsOpens pdf.

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