IRA Products

To help you meet the unique needs of your clients, Wells Fargo Advantage Funds^SM provides a wide range of Individual Retirement Account (IRA) products. Whatever your client base, IRAs can help move your practice to the next stage.

Personal IRAs

Traditional IRA
Tax-deferred retirement account for individuals. All or part of the owner’s contribution may be deductible from current taxes, depending on the individual's income and coverage by an employer-sponsored qualified retirement plan (e.g. a 401(k)). Withdrawals are taxed as ordinary income.

Help clients keep their retirement assets working. Clients can use assets distributed from another tax-advantaged retirement plan, such as a 401(k) plan or 403(b) plan, to establish a Wells Fargo Advantage Funds Traditional IRA.

Roth IRA
An alternative to a traditional IRA. Withdrawals are tax-free if the account as been open for at least five years and the owner is at least 59½ when withdrawals begin. Contributions to a Roth IRA are not tax deductible.

Education Savings Account
A savings plan to pay for a child's education. Education Savings Accounts, also called Coverdell Accounts, allow for tax-favored savings to help pay a child's public or private schooling costs at any level. Earnings and withdrawals used for eligible education expenses are federal tax-free, but clients cannot deduct the contributions from their income tax.

Workplace IRAs

SEP IRA
Simplified Employee Pension IRA. Tax-deferred retirement plan for small businesses and the self-employed. The employer makes contributions for the employee’s benefit and for themselves, if self-employed. Contributions are tax-deductible as a business expense. Up to 25 percent of an employee's pre-tax gross wages may be contributed.

SIMPLE IRA
Savings Incentive Match Plan for Employees. A retirement plan specifically designed for employees of smaller businesses (100 or fewer employees) and self-employed persons to make contributions to an IRA. Employer makes a tax deductible contribution, and employees may defer a percentage of their pre-tax compensation into the SIMPLE plan.

This Web site is accompanied by current prospectuses for Wells Fargo Advantage Funds^®, an EdVest^SM program description(PDF), and a tomorrow's scholar^® program description(PDF).

For 529 plans, an investor's or a designated beneficiary's home state may offer state tax or other benefits that are only available for investments in that state's qualified tuition program. Please consider this before investing.

Not FDIC Insured • No Bank Guarantee • May Lose Value

©2010 Wells Fargo Funds Management, LLC. All rights reserved. EdVest and tomorrow's scholar are state-sponsored 529 college savings plan administered by the Wisconsin Office of the State Treasurer. Wells Fargo Funds Management, LLC, a wholly owned subsidiary of Wells Fargo & Company, provides investment advisory and administrative services for Wells Fargo Advantage Funds, EdVest, tomorrow's scholar plans, and Wells Fargo Managed Account Services. Other affiliates of Wells Fargo & Company provide subadvisory and other services for the Funds. The Funds and shares in the 529 plan are distributed by Wells Fargo Funds Distributor, LLC, Member FINRA/SIPC, an affiliate of Wells Fargo & Company.