Open an M1 IRA

At M1, you can open the following IRA accounts:  


M1 Traditional IRA 

A Traditional IRA is a tax-advantaged account designed to help save for retirement. 

Contributions are generally made with after-tax money but can be tax-deductible if you meet income eligibility.  

Any potential earnings grow tax-deferred and are not taxed until you withdraw them after age 59½.  

Read more about Traditional IRAs on the IRS website 


M1 Roth IRA 

A Roth IRA is a tax-advantaged savings account that provides federally tax-free growth and distributions once it has been open for five years and you are at least 59½ years of age. 

Contributions are made with after-tax income.  

Read more about Roth IRAs on the IRS website.   



A Simplified employee pension (SEP) IRA is a retirement savings account for self-employed individuals or small business owners.  

A SEP IRA has a higher contribution limit than a Traditional or Roth IRA. M1 currently only supports SEP IRAs for self-employed individuals. 


Learn more about saving for retirement with M1.  


To open a new M1 IRA account: 

  1. Navigate to “Add Account”   
  2. Select “Retirement”  
  3. Select the type of IRA you want to open or rollover a 401(k) from your previous brokerage. 

Learn more about managing your IRA account. 


M1 does not provide tax advice. Consult your tax advisor to determine the best IRA account type for your needs.


If you have further questions, please contact us.


You will not be able to open more than one IRA of the same type (You can not open two M1 Roth IRAs). You will be able to open more than one IRA account of different types (You can open an M1 Roth IRA and Traditional IRA).



M1 disclosures here.

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