If you want more flexibility and control over your retirement account, one of the best things you can do is open an Individual Retirement Account. An IRA provides you with the ability to choose from a variety of assets to include, and you receive tax advantages to boot. Depending on the type of IRA your choose (Traditional or Roth), you can either enjoy a tax deduction for your contributions, or see tax-free earnings.
Many brokers offer you the chance to open an IRA, and OptionsHouse is one of them. If you want to include options in your IRA, or even if you just want one of the lowest flat rates ($4.75 per trade) out there, and get the benefits that come with the associated tax advantages, OptionsHouse can be a great choice. There are no set up fees, maintenance fees, no annual fees, no custodial fees, and no balance fees. You pay for your trades, and that’s it.
Right now, OptionsHouse is offering two great promotions if you want to open an IRA. You can choose between 100 commission-free trades, or a cash bonus.
100 Commission-Free Trades with an OptionsHouse IRA
If you open an OptionsHouse IRA with $5,000, you might be eligible for 100 commission-free trades. The account has to be a new OptionsHouse account. Use promo code IRAFREE to claim your trades.
Be aware that you will only get your free trades for 60 days. You need to make your 100 trades within the first 60 days of opening your account, or you will forfeit unused trades.
Make sure that you check the pricing, though. The 100 free trades will take into account different prices for options as opposed to other trades. Read all of the fine print before you make your decision to open an account.
Get a Cash Bonus When You Open an OptionsHouse IRA
You can get a cash bonus of up to $600 if you open an OptionsHouse IRA. The amount of your cash bonus depends on how much you fund your account with upon opening. Here is what you can expect, depending on how much you put into your OptionsHouse IRA:
- $25,000 = Cash bonus of $200
- $50,000 = Cash bonus of $300
- $100,000 = Cash bonus of $400
- $250,000 = Cash bonus of $600
Free money is always good, since you can use that money to make even more for your retirement account.
You can roll the money over from a 401(k) or other account. If you aren’t happy with your current retirement account situation, you can move the money, opening a new OptionsHouse IRA account, and get your cash bonus.
In order to claim your cash bonus, you need to plan ahead as to which option you will choose. Your promo code will be ROLL200, ROLL300, ROLL400, or ROLL600. Make sure you know which promo code to use, and be sure to read the fine print on the offer.
With a little planning, you can improve your retirement account, and get free cash to boot.