COVID-19 Update:

All of our Quest Trust offices (Houston, Dallas and Austin) are still working to ensure safety by having semi-open offices available, accessible to clients and non-clients, and all of our online systems in place. Although we are currently running with some staff in office and some staff at home, we remain open for scheduled appointments and document drop off/pick-up. Our employees are ready to continue providing you the highest level of customer service and we thank you for being patient with us during this transition time. Click here for more information and important updates.

Call: 855-FUN-IRAS

Open Your Account Today

For the month of August, it truly pays to contribute to your IRA! Here at Quest we want to give money back to YOU when you give it to your IRA! For new AND existing clients, you’ll receive a credit towards your account when you deposit a certain amount to your IRA account!
If you need help Call our IRA Specialists at 855 – 386 – 4727 who will help you find the best option.

SIMPLE

IRA

2020
  • $13,500
  • $3,000 catch-up (Age 50+)
Open Account Online
BENEFITS
  • The employer matches up to 3% of compensation or 2% non-elective and the contribution also grows tax deferred
  • Elevated contribution limits for self-employed individuals or small business owners
SEP

IRA

Contribution Limits: 2020
  • 25% of compensation up to $57,000
Open Account Online
BENEFITS
  • Allow for employer contribution based on compensation
  • A SEP follows the same rules as a Traditional IRA
  • Elevated contribution limits for self-employed individuals or small business owners
ROTH

IRA

Contribution Limits: 2020
  • $6,000
  • $1,000 catch-up (Age 50+)
Open Account Online
Benefits
  • Qualified withdrawals (distributions) are tax free because you already paid taxes on the contributions
  • You can make contributions even if you are over 70.5 as long as you have earned income
  • There are no Required Minimum Distributions (RMD)
Traditional | Rollover IRA

IRA

Contribution Limits: 2020
  • $6,000
  • $1,000 catch-up (Age 50+)
Open Account Online
Benefits
  • Tax deductible contributions
  • No income limits on participation
  • Grows tax-deferred until distributions are taken at retirement
  • Rollover your retirement savings plan from a former employer.

Additional Account Available

Determine based on the features below which account is best suited for you - if you need help Call our IRA Specialists at 855 - 386 - 4727 who will help you find the best option.

HEALTH SAVINGS ACCOUNT

(HSA)

Contribution Limits: 2020 & 2021
  • 2020: Single $3,550 | 2021: $3,600
  • 2020: Family $7,100 | 2021: $7,200
  • $1,000 catch-up (Age 55+)
Open Account Online Download PDF Application
Benefits
  • A Health Savings Account can be used for all qualified medical expenses
  • The contributions toward an HSA are tax deductible and tax free for all qualified distributions
  • Unlike a flex spending account it is not use it or lose it
Coverdell Education Savings Account

(ESA)

Contribution Limits: 2020 & 2021
  • $2,000 per child per year
Open Account Online
Benefits
  • Tax-free distributions for qualified educational expenses:
    • Tuition and fees
    • Books, supplies, and equipment
    • Room and board
    • Uniforms
    • Tuition and fees
  • Can be used to pay for qualified elementary and secondary expenses
INDIVIDUAL / SOLO

401(K)

Contribution Limits: 2020
  • $19,500
  • $6,000 | $6,500 catch-up (Age 50+)
CONTACT IRA SPECIALIST
Benefits
  • For business owners with no employees. Due to the nature of this plan, we ask that you please contact an IRA Specialist for more information – simply call 855 – 386 – 4727

NOT SURE WHAT YOU NEED?

Contact our IRA SPECIALIST at 855 – 386 – 4727 or send us a message below
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