Retirement Center

How to Contribute to Your IRA

How to Open an IRA Account

To open an IRA account, complete an IRA Application Form and mail it back to Harbor Funds with your check. You can either complete the application on your computer and print it, or print the blank application and complete it by hand.

Contribution Limits

For the 2023 tax year, your total contributions to all of your Traditional and Roth IRAs cannot be more than $6,500 ($7,500 if you're age 50 or older), or your taxable compensation for the year, if your compensation was less than this dollar amount. For the 2024 tax year, your total contributions to all of your Traditional and Roth IRAs cannot be more than $7,000 ($8,000 if you're age 50 or older), or your taxable compensation for the year, if your compensation was less than this dollar amount.

The SEP IRA contribution limit is the lesser of 25% of your compensation or $66,000 for 2023 and $69,000 for 2024.

For more information about contribution limits for IRAs and other retirement plans, review our chart on Retirement Plan Limits.

Harbor Fund Ticker Symbols

For a convenient list of Harbor's fund numbers and ticker symbols, download this simple one-page guide.

Learn more about IRAs

Are you new to IRAs? Or maybe you have questions about the changes to the rules regarding Traditional vs. Roth IRAs? What's the difference? Find out below.

Traditional vs. Roth IRAs - Read this short document to learn the basic differences between the two types of IRAs, and help you decide which is the right option for you.

Read Frequently Asked Questions about both Roth IRAs and Traditional IRAs.

IRA Glossary - Lookup all of the terms and phrases you've seen to understand what they mean.

Harbor Privacy Policy - Read how Harbor will keep your personal information safe.

Harbor IRA Forms

IRA Account Application

Account Transfer

IRA Distribution Request

Recharacterization of IRA Contribution

Roth IRA Conversion

IRA Withholding Options

IRA Beneficiary Designation

Harbor Capital and its associates do not provide legal or tax advice.

Any tax-related discussion contained in this material, including any attachments/links, is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding any tax penalties or (ii) promoting, marketing, or recommending to any other party any transaction or matter addressed herein. Please consult your independent legal counsel and/or tax professional regarding any legal or tax issues raised in this material.

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