Different IRA Account Options
IRA Option
Traditional IRA
A traditional IRA is a type of retirement account that can offer specific tax advantages when saving for retirement. Specifically, individuals not covered by a retirement plan at work and people covered by a retirement plan who meet certain IRS income guidelines may be able to deduct their contributions from their taxable income each year. This means that when you retire, distributions from your IRA are generally taxed as ordinary income.
For 2025, you may contribute up to $7,000 into a Green Century Funds Traditional IRA.
If you are 50 years old or older, the contribution limit is $8,000 for 2025.
Roth IRA
Roth IRAs differ from Traditional IRAs. With a Roth IRA, you cannot deduct your current year contributions from your taxable income. However, upon retirement, distributions from your Roth IRA are generally not taxed as ordinary income. Learn the difference between a Traditional and a Roth IRA and what funds are best to invest with each.
For 2025, you may contribute up to $7,000 into a Green Century Funds Roth IRA.
If you are 50 years old or older, the contribution limit is $8,000 for 2025.
IRA Transfers and 401(k) Rollovers*
If you have an IRA account at another financial institution that you would like to transfer to the Green Century Funds or if you have a 401(k) account with a past employer that you would like to rollover into a Green Century Funds IRA, please do one of the following:
Request IRA forms to be mailed to you.
Download IRA Registration and Transfer forms (PDF).
SEP IRA Account
A Simplified Employee Pension (SEP) plan allows self-employed people and small business owners to establish SEP-IRAs for the business owner and any eligible employees.
SEP-IRAs have specific eligibility rules and contribution limits (as described on IRS Form 5305-SEP). Otherwise SEP-IRAs follow the same rules as Traditional IRAs.
If you are interested in opening a Green Century Funds SEP-IRA Account, you will also need to complete IRS Form 5305-SEP.
Specifics About Green Century’s IRA Accounts
Green Century Funds charges a $15 annual recordkeeping fee to maintain an IRA. The $15 fee is charged per type of IRA (e.g., Roth, Traditional, SEP, etc.). If you have one type of IRA account invested in each Fund, there is only one $15 fee.
The IRS tax rules for IRAs are complicated. While we hope this summary of key characteristics is helpful, you may also want to refer to Green Century’s IRA Disclosure Statement (PDF) for more information and determine if a Green Century Fund IRA is right for you.