Frequently Asked Questions

Do you have questions about the GROUPIRA® Program or how we work with our Members and their Investment Advisers? Below are some of the most common questions we get. If you do not see answers to your questions, we invite you to call our office and speak with one of our IRA Consultants.

Can I cancel at any time?

Yes, you can cancel at any time. To cancel, simply call our office and one of our IRA Consultants will help you to transfer or disburse your account.

How are fees charged?

Fees are taken from your GROUPIRA account. No action is required on your part, and we will never charge fees if you do not have an account balance.

How do I open an account?

Our convenient online account origination system enables you to open an IRA in 10 minutes or less.

How do I fund my account?

After your account is opened, you can fund it through a:

  1. one-time contribution from your bank account,
  2. recuring monthly contribution from your bank account,
  3. rollover contribution from eligible sources, such as workplace retirement plans (ex. 401k plans, defined benefit pension plans, profit sharing plans, etc.), or
  4. transfer from an IRA with another provider

If you have questions or need assistance, please feel free to contact us and one of our IRA Concierges will be happy to assist you.

How much can I contribute?

The Internal Revenue Service sets the IRA contribution limits. For 2017, the total contributions to all of your traditional and Roth IRAs cannot be more than:

  • $5,500 ($6,500 if you’re age 50 or older), or
  • your taxable compensation for the year, if your compensation was less than this dollar limit.

However, the IRA contribution limit does not apply to Rollover contributions or Qualified reservist repayments.

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How much does it cost?

We do not pretend that our services are free, but we do keep our pricing simple and transparent. Please reference our service pricing guide for details.