An Individual Retirement Account (IRA) is a tax–advantaged retirement account that you own and control. Earnings generated can compound on a tax–deferred basis until withdrawal. Please consider this information for educational purposes only. Please schedule a review with an HSBC Wealth Relationship Manager to receive recommendations that may be suitable for you or in your best interest based on various personalized factors.
There are two types of IRAs: Traditional and Roth. Both types allow the same maximum annual contributions, based on your age. The maximum is reached when your combined contributions to all of your IRAs meets the limit. The two types of IRA differ in their qualifying criteria, withdrawal restrictions, and tax implications.
- Traditional IRAs offer potential for tax-deductible contributions depending on your income level, participation in a workplace retirement plan, and marital status. Otherwise, contributions may be made post–tax.
- Roth IRAs do not permit tax-deductible contributions. However, contributions with post-tax dollars can be withdrawn tax-free. If you are not eligible for tax-deductible contributions to a Traditional IRA due to a higher income, you may be eligible for a Roth IRA.
Individual: $6,500
Married filing jointly: $13,000 (up to $6,500 each)
Individual: $6,500
Married filing jointly: $13,000 (up to $6,500 each)
Earnings are not subject to federal tax penalties if withdrawn after age 59½ and held for 5 years
Earnings are tax-free if taken as part of a qualifying withdrawal
Individual: $6,500
Married filing jointly: $13,000 (up to $6,500 each)
Individual: $6,500
Married filing jointly: $13,000 (up to $6,500 each)
Earnings are not subject to federal tax penalties if withdrawn after age 59½ and held for 5 years
Earnings are tax-free if taken as part of a qualifying withdrawal
Call us at 800.662.3343 to schedule a financial review.
Investment, annuities, and variable life insurance products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term life, and other types of insurance are offered by HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843.
Investments, Annuity and Insurance Products:
ARE NOT A DEPOSIT OR OTHER OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES |
ARE NOT FDIC INSURED |
ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY |
ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES |
MAY LOSE VALUE |
All decisions regarding the tax implications of your investment(s) should be made in consultation with your independent tax advisor.
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Environmental, Social and Governance (“ESG”) Customer Disclosure
In broad terms, “ESG and sustainable investing” products include investment approaches or instruments which consider environmental, social, governance and/or other sustainability factors to varying degrees. There is no guarantee that ESG and Sustainable investing products will produce returns similar to those which don’t consider these factors. ESG and Sustainable investing products may diverge from traditional market benchmarks. In addition, at this time in the United States there is no standard definition of, or measurement criteria for, ESG and Sustainable investing or the impact of ESG and Sustainable investing products. ESG and Sustainable investing and related impact measurement criteria are (a) highly subjective and (b) may vary significantly across and within sectors. HSBC may rely on non-HSBC ESG measurement or scoring criteria originating, devised and/or reported by unaffiliated third parties or issuers. HSBC does not always conduct its own specific due diligence in relation to these unaffiliated parties’ own ESG measurement or scoring criteria. There is no guarantee: (a) that the nature of the ESG / sustainability impact or measurement criteria of an investment will be aligned with any particular investor’s sustainability goals; or (b) that the stated level or target level of ESG / sustainability impact will be achieved. ESG and Sustainable investing is an evolving area and new regulations are being developed which will affect how such investments can be recommended, categorized, or labelled. An investment which is considered to fulfil sustainable criteria today may not meet those criteria at some point in the future.
ESG/Sustainable investing may impact exposure to issuers, sectors, and industries, limiting the type and number of investment opportunities available, which may impact performance. An ESG portfolio may or may not financially outperform similar investments that do not consider ESG criteria. To the extent that a product reflects an ESG or Sustainable label in its security title or name, the product may not be considered by HSBC to be an ESG or Sustainable investment and will not be recommended as an ESG or sustainable investment.
Please consider the investment’s specific ESG and Sustainable investing impact and measurement criteria as described in the prospectus or other offering documents prior to investing..
United States persons (including U.S. citizens and residents) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non–U.S. accounts – including, for example, Form TD F 90–22.1 (Report of Foreign Bank and Financial Accounts ("FBAR")). U.S. persons should consult a tax adviser for more information.
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