Principal IRA

A Principal IRA puts you in control of your retirement savings—but that doesn’t mean you’re on your own. We’ll help you choose from a set of investment options to get things started. And if you have questions or need help, our financial professional team is just a phone call away.

What are the benefits of a Principal IRA?

We want you to feel in control of your finances. We want you to feel confident about them, too. A Principal IRA gives you the tools and support to do both.

Meet your specific investment goals.

Whether your goal is to grow your assets, meet a specific retirement date, or simply protect what you already have, we offer a breadth of investments to help you make it happen.

Get professional support when you need it.

A Principal IRA comes with ongoing access to our team of dedicated, experienced financial professionals. We can help you make sense of your options and take the next step toward the retirement you want.

Access ongoing, complimentary financial resources.

We deliver timely tips and insights on key financial topics directly to your inbox. You’ll also have access to complimentary financial wellness resources like online will prep and budget-building tools.

What investments are available?

A Principal IRA gives you access to a range of investment options beyond what’s typically offered in traditional employer retirement plans. Whether you’re looking for a straightforward solution or a customized lineup, you can choose from the following investment options:

  • Mutual funds
  • Exchange-traded funds
  • Stocks
  • Bonds
  • Annuities
  • And more

Want to brush up on some of these investment terms? Here's an overview.

What are the fees?

You won't pay account opening or maintenance fees for most accounts over $10,000.1 There may be underlying fees or expenses for specific investment options—these are tied to the investment option and could apply regardless of the IRA provider you work with.2

How do I open a Principal IRA?

Getting started with Principal is easy. Select the option that works best for you:

  • Want to handle things online? Open your IRA in just a few steps and choose from a set of investment options.
  • Looking for more investment options, or some extra help? Call us at 800-247-8000, ext. 2251, to speak with a financial professional.
  • Prefer to meet with an advisor face to face? Let us connect you with one in your area.

Start your Principal IRA

1 Accounts under $10,000 may have an annual fee of no more than $35, depending on which product you select. Brokerage accounts have a $35 annual fee regardless of account size.

2 Some investments may charge early withdrawal fees if you close your account, or take money out, within a certain timeframe after opening the account. Annuities and mutual funds may also have additional fees specific to that type of product.

Investments and insurance products are:

  • Not insured by the Federal Deposit Insurance Corporation (FDIC) or any federal government agency.
  • Not a deposit, obligation of, or guaranteed by any Bank or Banking affiliate. 
  • May lose value, including possible loss of the principal amount invested.

The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, or tax advice. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.

Financial professionals are sales representatives for the members of Principal Financial Group®. They do not represent, offer, or compare products and services of other financial services organizations.

Insurance products and plan administrative services are provided by Principal Life Insurance Company. Securities are offered through Principal Securities, Inc., 800-547-7754, member SIPC, and/or independent broker dealers. Principal Life and Principal Securities are members of Principal Financial Group® (Principal®), Des Moines, IA 50392. 

Any links to third-party websites are provided for your convenience and informational purposes only. Principal Financial Group is not responsible for the information contained on third-party websites.