Frequently Asked Questions
How much does it cost to open an account?
$250 initial investment starts your retirement account. The $250 is yours and there are no fees or costs to open the account.
Is there a minimum amount I have to contribute every month?
No. You can put as much or as little in each month. There is no required minimum monthly deposit.
What is the annual maximum I can contribute?
$5,500 is the annual maximum.
What kind of account is it?
You have your choice of account types, such as a Roth IRA, traditional IRA, and others depending on your needs.
Who is in charge of my money?
The money is yours and your account is personal, regardless of your employment situation. JK Financial will help you oversee your funds and allocations.
I already have a retirement account, can I participate?
Yes. You can either start a new account or roll over your account to a new one through JK Financial.
I have a 401(k) from an old employer. Can you help me?
Yes. We can show you options on how to roll over those funds to a new account.
Where does my money get invested?
Based on your objectives and risk tolerance, your advisor will help direct you in the most appropriate options.