Invest in an IRA for a better retirement, and save taxes!

Open a new IRA or rollover your existing IRA in minutes.

What is an IRA? Why should I invest in an IRA?

IRA (Individual Retirement Account) is a tax-efficient method to save for retirement. You should invest in an IRA to effectively invest your earnings over the course of your career to save enough for a comfortable retirement.

IRA Savings Calculator

Calculate your retirement savings

Growing returns of your qplum IRA

The Power of Compounding

At a modest 8.5%, you will have $288,681.00 in the end. The compounded returns are 2 times your contributions.

Disclosure This study is for educational purposes only. All investments carry risk. Backtested performance is not indicative of future results. The actual performance for investments in this portfolio could be different. Read our full disclosure here about back-tested performance and projections. qplum is not a tax advisor. Please consult with your tax advisor before making any decisions about your tax liabilities.

What are the types of IRA?

Traditional IRA - For Individuals. Gives you tax exemption on your contributions now.

Roth IRA - For Individuals. Your withdrawals and earnings after retirement are tax-free.

SEP IRA - For self-employed individuals or small business owners.

The contribution limit for this IRA is much higher ($54,000), and you can contribute to a SEP IRA in addition to your traditional or Roth IRA. If you are self employed, this is an unbeatable investment.

Check out Roth IRA vs Traditional IRA infographic.

Which IRA is the best for me?

There is only one rule of thumb: “Paying taxes on a smaller amount is better than paying taxes on a larger amount.”

  1. Contribute to a Roth IRA, if you can. If your income is higher than certain thresholds, you might not be eligible for this.
  2. Convert a traditional IRA to Roth IRA. In this case, you have to pay taxes on the gains if any, but then, it is a good trade-off.

If you are not eligible for Roth IRA, OR you think your tax bracket is going to be very low at retirement, opt for a traditional IRA.

IRA Calculator

All investments carry risk. The information provided here is educational only and is not investment, tax advice or recommendation to any person or organization. Past performance is not indicative of future performance. For more information, please click here to read our Terms of Use and here to read our Disclaimer.

Frequently Asked Questions


What are your fees?

We charge a 0.50% of your assets we manage as a “wrap fee”. This covers asset management fees, ETF expenses, trading costs, and everything else. All you pay for our services is $4.16 a month for every $10,000 you invest.


I have an IRA with another broker. Can you manage that?

If you have an IRA with TD Ameritrade or an Interactive Brokers, we can manage your account where it sits without opening a new IRA. Find out how to manage your TD Ameritrade account and Interactive Brokers account with qplum.


How do I rollover my 401(k)?

Rollover your 401(k) from a previous employer to an IRA as soon as you can. Except in rare situations like if there are bonus contributions from your employer pending in your 401(k).

If you have a choice, opt for a ROTH-401(k), unless you have student loans to pay off. For student loans 401(k) is better since the contributed amount is pre-tax.

The rollover process is simple. Fill in a few details, and upload details of your existing brokerage account.


Is there a penalty to rollover my 401(k) to an IRA?

Use the 'direct rollover' i.e. directly move funds from one trustee to another and you will avoid the early withdrawal penalty. Typically, this involves contacting your employer and going through paperwork. You can choose an indirect rollover where funds are mailed to you first and you deposit them to an IRA, but that involves withholding of part of funds by your employer and it is best to opt for 'direct rollover', if possible.

qplum supports easy direct rollover of your 401(k) to an IRA. All you need to do is upload your existing 401(k) account statement, and digitally sign a transfer document.

Why qplum?

Robo Advisorqplum robo advisor

Next Gen Robo-Advisor

  • Investing and trading is completely automated.
  • Active trading instead of passive index following.
  • We invest in strategies, not products.
Choosing the best Robo-Advisor >
HFT icon

Investing & Execution Algorithms

  • All investment decisions come from algorithms
  • Better execution prices result in negative trading costs
  • Bringing high frequency trading algorithms to retail clients
Invest with algorithmic trading >
machine learning icon

Invest with Data & Machine Learning

  • Diversified set of data-driven strategies
  • Dynamic asset allocation
  • Static risk management
Invest in a portfolio with machine learning >
trusted custodians icon

Steady Relationship

  • Intraday portfolio updates
  • Financial advice for all your life events
  • Real time customer support
Start your financial assessment >

Get started on an IRA account in 5 minutes

Our Balanced Portfolio is ideal for investments in IRAs

See Balanced Portfolio
Rollover my 401(k)

Looking to Rollover your 401(k)?

Rollover your 401(k) to qplum in minutes

  • Rolling over does not incur any fee or penalty
  • You can rollover to a Roth IRA which is more tax-efficient
  • Fewer Rules. More Investment Options. More Control

Our Balanced portfolio is fine-tuned for IRA investments. Start Now!

Rollover my 401(k)

Got a question?

Ask our interactive bot