ING is a Dutch financial services company that provides investment banking, retirement planning, asset management and other financial services to customers all over the world including in the United States. This company was founded in 1991 and today is it the 18th largest company in the world in terms of revenue. ING is ranked as one of the top 5 retirement plan providers in the United States based on number of assets, participants and plans. In addition, ING is ranked as a top-tier life insurance provider and U.S. independent broker-dealer.
|Minimum Contribution||Maximum Contribution|
|Roth IRA||No Minimum||$5,500/year|
|Traditional IRA||No Minimum||$5,500/year|
|SEP IRA||No Minimum||25% of compensation|
(up to $52,000)
|SIMPLE IRA||No Minimum||$12,000 (if under age of 50) or|
$14,500 (if older than 50)
|Rollover IRA||No Minimum||No Limit|
|Inherited IRA||No Minimum||No Limit|
ING has a standard selection of IRA account types. These IRA accounts inherited, SEP, traditional, SIMPLE, Rollover and Roth. The catch-up contribution limit for Roth and traditional IRA accounts is $6,000 for investors who are age 50 and older and $5,000 for those under the age of 50.
Bonds and U.S Treasuries
Options are not available as an investment option at ING but other standard investment types are available including annuities, ETFs, mutual funds and stocks. Clients may also choose to invest in bonds. For commission and pricing information, investors will need to contact an ING financial advisor.
The website does not have information about IRA account minimums or fees. For information about any IRA fees, investors will need to speak to a financial advisor at ING. The services at ING are quite personalized so investors will need to discuss their goals and current financial situation for a more accurate estimate of IRA costs and fees.
There are a wealth of articles, tips and advice in regards to retirement planning at ING. One of the best planning tools available is the retirement budget plan. This plan will teach investors how to create a working budget plan once they hit retirement. There are also several articles that discuss various retirement savings strategies as well as articles on how to plan for unexpected expenses. Additionally, there are many retirement calculators available including income, retirement planner, IRA eligibility, financial objectives and home budget analysis calculators.
Investors can open a Roth IRA if they have made taxable income in the last year and if they meet additional income requirements set by the IRS. There is no age restriction on opening a Roth IRA while investors must open a traditional IRA before they are 70 ½. Finally, investors need to submit their social security number and other personal information to open an IRA at ING.
With the ING mobile app, investors can view their account balance and personal rate of returns, reallocate their balance, change their investments and transfer funds using their iPad, iPod Touch, iPhone or Android-powered device.
ING works diligently to safeguard against online fraud and theft. With sophisticated security protocols, ING protects clients against unauthorized access to their accounts and encrypts their transactions with powerful encryption technology.
Investors can contact customer support 24 hours a day, 7 days a week. Customer support is available via telephone and email. Telephone calls will immediately be answered and handled by customer support while it may take up to 24 hours for representatives to respond to emails. The customer support representatives are polite, professional and knowledgeable.
Even though ING requires investors to speak to a financial representative for information on fees and commissions, this allows investors to get a personalized experience as well as customized financial advice for their investments and retirement.