Choose the type of IRA you want: Traditional IRA or Roth IRA
Check whether you are eligible to contribute
Compare banks, brokerages, credit unions, and robo-advisors
Open an IRA account online or in person
Provide your personal information and Social Security number
Link a bank account for funding
Deposit money into the IRA
Select your investments if the account is self-directed
Set up automatic contributions if desired
Review fees, contribution limits, and withdrawal rules
Keep track of tax documents and annual contributions