Open an IRA


IRA Application


At any of our branch locations.


Request Forms
303.443.4672, 1.800.429.7626

Contributions for Traditional and Roth IRAs
You can contribute to a Traditional or Roth IRA if you have earned income or if you file your taxes jointly with a spouse who has earned income. In addition, you must be younger than age 70 ½ to contribute to a Traditional IRA. Contributions have an annual limit and may not exceed your yearly earned income.

2007 Contributions

  • $4,000 individual contribution limit ($8,000 married couple)
  • Additional $1,000 catch-up contribution for those age 50 and older
  • Make contributions from Jan 1, 2007 to April 15, 2008

2008 Contributions

  • $5,000 individual contribution limit ($10,000 married couple)
  • Additional $1,000 catch-up contribution for those age 50 and older
  • Make contributions from Jan 1, 2008 to April 15, 2009

Rollover Contributions

  • No limit to dollar amount of transfers
  • No fee to accept transfers into an Elevations IRA
  • Transfer your 401(k) from a previous employer
  • Transfer your IRA from another financial institution