How do I set up an IRA with optionsXpress?
To open an IRA. Visit here or click on the “Open Another Account” link at the upper right of your optionsXpress account. The “New Account Application” screen will appear. Under “What Kind of Account”, click on the appropriate account entity type. • The system will prompt you through the steps to create your account. (Select the specific type of IRA that you want to create) • Upon completion, you will be prompted to submit your documents electronically (and if applicable) or to print the forms. A SEP IRA requires form 5305-SEP, a Coverdell IRA requires form 5305-E, and a SIMPLE IRA requires form 5304-SIMPLE Articles I through VII. • If you have to print the forms or you choose to print the forms, please be sure to sign the IRA Account Application on the “X CUSTOMER SIGNATURE” line, and sign the IRA Designation of Beneficiary form on the “IRA HOLDER” line. • After printing the application, you may fax the application and all required documents to us at 312-629-5256 to expedite your appli
