How To Open A Roth IRA

How to Open a Roth IRA

Check Your Eligibility

You must have earned income and fall within IRS income limits. For 2026, single filers must earn under $168,000 to contribute the full amount.

Choose a Provider

Select a brokerage or financial institution that fits your needs. McLane Advisors can help you identify the right custodian for your goals.

Open Your Account

Complete the application with your personal information, employment details, and Social Security number. Most accounts can be opened in minutes.

Fund Your Account

Contribute up to $7,500 per year, or $8,600 if you are 50 or older. You can fund via bank transfer, rollover, or direct deposit.

Select Your Investments

Choose from stocks, bonds, ETFs, or mutual funds. Your McLane advisor will help build a portfolio aligned with your timeline and risk tolerance.

Set Up Recurring Contributions

Automate your contributions to stay consistent. Small, regular deposits compound over time and maximize your account's tax-free growth potential.