© 2023 Icon Savings Plan. All rights reserved.
Setting up your plan with Icon takes only 5 minutes. All you need to do is answer a few questions, and we’ll take care of everything else. It’s important to note that Icon is a registered investment advisor, providing you with professional expertise and guidance throughout the process.
You have the opportunity to save up to $6,500 per year or $7,500 if you’re over 50. The best part? There’s no minimum requirement to get started. Whether you want to start small or aim for the maximum contribution, the choice is entirely up to you. We’re here to support your saving goals, no matter where you begin.
We ensure that your savings are invested in a carefully designed portfolio that aligns with your needs and we use low-cost index funds. Icon takes care of all the necessary rebalancing of your portfolio.
You decide how much to contribute from your pay, and when you get paid that amount goes directly from payroll to your retirement account.
It’s easy to set up and easy to use. Here’s how it works:
Your account automatically links to payroll. Every time you get paid, your contributions are automatically invested.
Icon will create a portfolio recommendation tailored to your needs.
You decide how much to contribute— up to $6,500 annually, or $7,500 if you're over 50.
Low fees mean you keep more of your money.
It's your personal plan, with investments tailored to your needs.
Fully portable, it follows you from job to job. No rollovers.
Just answer a few questions, and we’ll give you a portfolio tailored to your needs with diversified, low-cost index funds. Your Icon smart portfolio handles all of the rebalancing and keeps an eye on your plan. We’ll give you tips along the way to make sure you stay on track.
Retirement plans often charge high fees that erode your savings. We don’t make money on your investments or trade activity. Instead we charge a flat monthly fee of just $4.00.
Icon portfolios are built with low-cost, high quality investments from the most respected asset managers in the world: Vanguard and BlackRock.
Your Icon plan is a traditional IRA, and as long as your money remains in your account, you pay no taxes on the investment growth. Your annual contributions may be tax-deductible.
Icon is portable, which means as your life changes your plan follows you from job-to-job. It doesn’t require a rollover and you can continue to use your plan at your next job or through your own bank account.
You can do everything you need in your dashboard. But sometimes, it’s easier to chat with someone. Contact us at: Support@IconSavingsPlan
For 2023 the total contributions amount you can make for this calendar year are $6,500 or $7,500 if you are over 50.
Absolutely! It’s quite common for individuals to have more than one IRA. The good news is that you can maintain multiple IRA accounts simultaneously.
For instance, let’s take the example of Korri. She’s making the most of her retirement savings by maximizing her annual contributions to her Icon Personal Retirement Plan offered through her employer. Additionally, she also holds another IRA account that contains rollovers from a previous job. In this scenario, Korri has the freedom to maintain her old IRA while continuing to maximize her contributions to her Icon plan.
Remember, the annual contribution limit for IRAs is $6,500, or $7,500 if you’re aged 50 or above. Having multiple IRAs allows you to diversify your retirement investments and cater to different financial goals.
We offer our retirement plan through an Individual Retirement Account (IRA). We’ve chosen this type of plan to provide you with more flexibility and control, while avoiding the limitations, complexities, and high fees often associated with 401k plans.
With an IRA, we can easily tailor the plan to meet your specific needs. You maintain full control over your account, allowing you to customize your investments based on your preferences. Plus, you’ll never have to worry about rollovers or the risk of a lost account.
We believe in empowering you to make the most of your retirement savings, and our IRA-based plan is designed to do just that.
Yes, for more information contact us.
You generally cannot take a loan from an IRA. You can make withdrawals to meet specific needs.
Absolutely! You have the flexibility to change your contributions whenever you need to. Whether you want to increase or decrease the amount you’re setting aside for your retirement account. We understand that life circumstances may change, and we’re here to support you in aligning your savings with your evolving needs.