RBC Bank's (USA) offers 3 types of Individual Retirement Account options such as Rollover IRAs, Traditional IRAs and Roth IRAs. With the help of Rollover IRAs customers can manage retirement savings by consolidating plans from former employer 401(k)s and any other personal retirement accounts. A Traditional IRA is one of the ways to save for customer's retirement. A tax deduction depends on income and contributions and money will grow tax free until customers make a withdrawal. To avoid penalties customers have to wait until they reach age 59 ½. The Roth IRA is not tax deductible and has no age limits on contributions and customers are never required to take distributions. More details are available on the banks website.