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.

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.

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

Under certain circumstances, employers may automatically distribute the accounts of participants from workplace retirement plans. In such instances, the employer appoints an automatic IRA service provider track the account. Many employers engage GROUPIRA to serve as the automatic IRA service provider for workplace retirement plans.

Claiming your account is easy. If your account was automatically distributed from your former employer's workplace retirement plan to GROUPIRA, simply call our office during regular business hours. One of our IRA Consultants will confirm your information and will be happy to help you.

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.

The Internal Revenue Service sets the IRA contribution limits.

For 2025 your total contributions to all of your traditional and Roth IRAs cannot be more than:

• $7,000 ($8,000 if you’re age 50 or older), or
• your taxable compensation for the year, if your compensation was less than this dollar limit.

For 2024 your total contributions to all of your traditional and Roth IRAs cannot be more than:

• $7,000 ($8,000 if you’re age 50 or older), or
• your taxable compensation for the year, if your compensation was less than this dollar limit.

For 2019, 2020, 2021, and 2022, your total contributions to all of your traditional and Roth IRAs cannot be more than:

• $6,000 ($7,000 if you’re age 50 or older), or
• your taxable compensation for the year, if your compensation was less than this dollar limit.

For 2015, 2016, 2017, and 2018, 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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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.

GROUPIRA partners with investment advisory firms, which enables our Members to access professional investment advice and investment management services. Our investment adviser directory identifies the investment advisers which are publicly available to our Members.