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Featured Article

Your life changes. Your benefits should, too.

Use open enrollment time at your workplace to evaluate (and update) your voluntary and traditional benefits to help with financial wants, needs, and curveballs.
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For individuals
Retirement, Investments, & Insurance for Individuals Invest & Retire Individual Retirement Accounts (IRAs)
Individual Retirement Accounts (IRAs)

Retire on your terms by investing in your future self

Open an IRA with Principal
What’s an IRA?

In short, it’s a tax-advantaged savings account that helps you prepare for retirement. Think of it as timing your taxes—depending on the type of account you choose, you can defer taxes on contributions and earnings today but pay in retirement, or make Roth (after-tax) contributions and take tax-free withdrawals in retirement.

Why choose an IRA?

IRAs are built to help you pay for everyday things and even bigger dreams after your working years. They enable you to reduce the tax burden on your finances and allow you to save beyond an employer’s retirement plan.
What are the types of IRAs?

Roth IRA

Tax-Free growth potential

A Roth IRA uses after-tax money, meaning you pay taxes on your contributions at the time you put the money in and, future withdrawals are tax free as long as you follow Roth IRA rules.

Learn more about a Roth IRA

Traditional IRA

Lower taxable income

A traditional IRA lets you deduct savings contributions from your taxes, which lowers your taxable income for the year–but you pay taxes on the money when you withdraw it in retirement.

Learn more about a Traditional IRA

Rollover IRA

Comined retirement savings

After a job change, you can consolidate your employer retirement plan, such as a 401(k), into a single account without taxes or penalties.

Learn more about a Rollover IRA
Why Principal?

See why so many people and companies choose Principal for their retirement needs.

Ethisphere 2025 World’s Most Ethical Companies logo

Trusted We are committed to ethical business practices and programs. We’re proud to have been named one of the Most Ethical Companies by Ethisphere 14 times.

Secure We work hard to keep your account access and information secure. That’s why we were named on the Forbes list of America’s Most Cybersecure Companies.

Professional

Our registered financial professionals listen to your needs and can provide a benefit event recommendation to fit your goals at that point in time.

Whether you want to open a new IRA or roll over from another retirement plan, you can get started today.

Open an IRA with Principal

Footnotes

Deductibility of contributions is dependent upon coverage by an employer-sponsored retirement plan for you or your spouse and your Modified Adjusted Gross Income (MAGI). Your account must be open for 5 years and you must be over 59 ½ to be eligible for qualified tax-free withdrawals of earnings. Deductibility of contributions is dependent upon coverage by an employer-sponsored retirement plan for you or your spouse and your Modified Adjusted Gross Income (MAGI). Your account must be open for 5 years and you must be over 59 ½ to be eligible for qualified tax-free withdrawals of earnings. A rollover of retirement plan assets to an IRA is not your only option. Other options may include but are not limited to keeping your assets in your former employer's plan; rolling over assets to your new employer's plan; or taking a cash distribution. The retirement plan's investment options may have investment expenses lower than similar options offered outside of the plan. You should consider the differences in investment options and risks, fees and expenses, tax implications, services and penalty-free withdrawals for your various options. You may wish to consult your tax advisor and legal counsel. Click the link for more information on your distribution options (PDF) or go to principal.com/youroptions . Retirement Consultants advice is given in an ERISA fiduciary capacity from an investment adviser representative of Principal Advised Services, LLC or registered representative of Principal Securities, Inc.

Investment and Insurance products are:

  • Not Insured by the FDIC or Any Federal Government Agency
  • Not a Deposit or Other Obligation of, or Guaranteed by, Principal Bank or Any Bank Affiliate
  • Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

Investing involves risk, including possible loss principal.

Our one-on-one conversation includes education or, if requested, point-in-time advice service regarding your retirement plan account. For additional assistance, consult with appropriate individuals including counsel, financial professionals or other advisors on all matters pertaining to business, legal, tax, investment or accounting obligations and requirements.

Principal Advised Services is a federally registered investment adviser. Registration does not imply a certain level of training or skill. Principal Advised Services does not guarantee that the results of their advice, recommendations or objectives of a strategy will be achieved. Please refer to the Form ADV (PDF) and Form CRS (PDF) for Principal Advised Services, LLC. Insurance products and plan administrative services provided through Principal Life Insurance Company®. Securities offered through Principal Securities, Inc., member SIPC and/or independent broker/dealers. Referenced companies are members of the Principal Financial Group®, Des Moines, IA 50392.