Accounts
Retirement Maximizer
Open a Traditional IRA and a Roth IRA together — two accounts, one session, one verified identity.
Most people end up wanting both kinds of IRA at some point: a pre-tax account for deductible contributions and rollovers, a Roth for after-tax contributions and conversions. Because our accounts are electronic, opening both at once costs nothing but a few minutes.
Key takeaways
- Two separate accounts — a Traditional IRA and a Roth IRA — opened in one session.
- One identity verification, one signature set, one Investor Passport; every later account reuses the file.
- Each account keeps its own agreement, number, statements, beneficiaries and tax forms.
- The annual IRA contribution limit is shared across both; opening two does not raise it.
- Availability depends on the custodian’s authorities. Pre-charter: not yet accepting accounts.
What it is
The Retirement Maximizer is a bundle, not a new account type. When you choose it, we open a Traditional IRA and a Roth IRA at the same time, on the same record. Nothing about either account is different from opening it alone.
How it works
You verify once, choose the bundle, sign both account agreements in one flow, name beneficiaries for each, and fund whichever account you intend to contribute to first. Later contributions go to the account you choose each time; rollovers from a pre-tax plan land in the Traditional IRA; Roth conversions move from the Traditional to the Roth as a separate, taxable instruction.
Contributions and limits
The IRS sets one annual limit for contributions to all your IRAs combined — Traditional and Roth together — with a catch-up amount from age 50. Roth eligibility phases out with income; Traditional deductibility depends on income and workplace-plan coverage. We apply the limits per tax year across both accounts and tell you before a contribution would exceed them. Requires tax review
Taxes and reporting
Each account reports separately: a Form 5498 for each account every year, and a Form 1099-R from whichever account distributes or converts. Fair market values are reported per account. See Roth conversions and RMDs.
How Investor Services custodies it
As a directed, non-discretionary custodian for both accounts: we hold, record, report and move assets on your instruction, and we do not choose investments or give tax advice.
Frequently asked questions
Is the Retirement Maximizer a new kind of account?
No. It is one session that opens two ordinary accounts — a Traditional IRA and a Roth IRA — each with its own agreement, number, statements and tax forms.
Does opening both double my contribution limit?
No. The annual IRA contribution limit is shared across all of your Traditional and Roth IRAs combined. Opening both gives you a place for each kind of contribution, not a bigger limit.
Which account should I fund?
That depends on your income, deductibility, and tax situation — questions for a qualified professional. Investor Services is a directed custodian and does not give tax or investment advice.
What tax forms will I receive?
Each account reports on its own: a Form 5498 for each, and a Form 1099-R for whichever account distributes. One W-9 and identity verification cover both.
Investor Services acts as a directed custodian and does not provide legal or tax advice. Pre-charter: Institutional Trust Company is seeking a charter and is not currently accepting accounts.
Educational only. This page is general information, not individualized investment, legal, or tax advice. Rules depend on your account type, transaction, tax year, and circumstances — consult a qualified professional.