T. Rowe Price Account Type

• Rowe Price offers a variety of account types tailored to meet different investment needs. Below are the main types of accounts available:
• Brokerage Accounts:
• Taxable Brokerage Account: Minimum initial investment of $2,500.
• Brokerage IRA: Traditional, Roth, or Rollover IRAs with a minimum initial investment of $1,000.
• Joint Accounts: Available for multiple owners.
• UGMA/UTMA Accounts: Custodial accounts for minors.
• Trust Accounts: For managing assets held in trust.
• Retirement Accounts:
• Traditional IRA: Contributions may be tax-deductible, and investments grow tax-deferred.
• Roth IRA: Contributions are not tax-deductible, but qualified withdrawals are tax-free.
• Rollover IRA: For converting assets from an employer-sponsored plan to an IRA.
• Education Savings Accounts:
• 529 College Savings Plan: A tax-advantaged way to save for education expenses.
• Small Business Retirement Plans:
• SEP-IRA: Simplified employee pension plan for small business owners.
• SIMPLE IRA: Savings incentive match plan for employees.

　　

T. Rowe Price Broker Account Opening Process

　　Opening a brokerage account with T. Rowe Price is a straightforward process that can be completed online. Here are the steps involved:

• 　　Choose an Account Type: Decide whether you want a taxable brokerage account or a retirement account (Traditional IRA, Roth IRA, etc.).

• 　　Complete the Application:

• Fill out the online application form, providing necessary personal information like your legal name, address, Social Security number, and financial details.
• Fund Your Account:
• For a taxable brokerage account, the minimum initial investment is $2,500, while for an IRA, it is $1,000. You can fund your account via electronic transfer, check, or wire transfer.
• Start Trading:
• Once your account is funded, log in to the T. Rowe Price website, navigate to the "Transactions" section under "My Accounts," and start trading stocks, ETFs, options, or mutual funds.
• Manage Your Account:
• Use the account dashboard to view and manage your investments, transfer funds, and access research tools.

　　For assistance, you can call T. Rowe Price at 1-800-341-1211.

　　For more detailed information, visit T. Rowe Price.