Use the notification and guidance messages in your Forge Trust Customer Portal to make maintaining asset valuations and your Self-Directed IRA easier.

URGENT UPDATE! Forge Trust Co. has moved! For our NEW UPDATED MAILING ADDRESS, visit our Contact Us Page

Use the notification and guidance messages in your Forge Trust Customer Portal to make maintaining asset valuations and your Self-Directed IRA easier.

Offerings Customers Resources FAQs Forms Contact Us

Client Login Get Started

Traditional IRA

With a Traditional IRA, you make contributions with money you may be able to deduct on your tax return. Any investment gains grow tax-deferred until you withdraw them in retirement.

Plan Benefits:

Is this retirement account right for you?

Contributions are tax deductible

Penalty-free withdrawals after age 59 1/2

No earned income limits on participation

Contributions are protected from creditors

Can be paired with other retirement plans

Eligibility:

For 2020 or later, available with no age limit to individuals.
Must have earned income

2022 & 2023 Contributions:

Contributions may be tax deductible with a maximum contribution of $6,000 ($7,000 if age 50 or older) for 2022 and a maximum contribution of $6,500 ($7,500 if age 50 or older) for 2023.
For 2020 or later, there is no age limit on making regular contributions

Investment Returns or Gains:

Investment returns or gains can grow tax deferred

Funding Your Account:

Contribute earned income
Rollover funds from a 401(k)
Transfer an IRA

Withdrawals:

After age 59 1/2 withdrawals are penalty-free, but taxed as current income
10% early withdrawal penalty may apply for withdrawals taken prior to age 59½
Required Minimum Distributions (RMDs) start at age 73 (as of 2023)
Hardship distributions for immediate and heavy financial need. Money is taxed to the participant and not paid back to the borrower’s account.

Plan Benefits:

Contributions are tax deductible

Penalty-free withdrawals after age 59 1/2

No earned income limits on participation

Contributions are protected from creditors

Can be paired with other retirement plans

Is this retirement account right for you?

Eligibility:

For 2020 or later, available with no age limit to individuals.
Must have earned income

2022 & 2023 Contributions:

Contributions may be tax deductible with a maximum contribution of $6,000 ($7,000 if age 50 or older) for 2022 and a maximum contribution of $6,500 ($7,500 if age 50 or older) for 2023.
For 2020 or later, there is no age limit on making regular contributions

Investment Returns or Gains:

Investment returns or gains can grow tax deferred

Funding Your Account:

Contribute earned income
Rollover funds from a 401(k)
Transfer an IRA

Withdrawals:

After age 59 1/2 withdrawals are penalty-free, but taxed as current income
10% early withdrawal penalty may apply for withdrawals taken prior to age 59½
Required Minimum Distributions (RMDs) start at age 73 (as of 2023)
Hardship distributions for immediate and heavy financial need. Money is taxed to the participant and not paid back to the borrower’s account.