IRA Information - Green Century

Different IRA Accounts

Commitment to Values

Green Century Funds can help you save for retirement without compromising your values.

As one of the first families of environmentally responsible and diversified fossil fuel free mutual funds in the U.S., Green Century Funds has been a leader in environmentally responsible investing for 30 years. The Green Century Funds neither invest in environmentally-dangerous companies nor industries, such as manufacturers of nuclear weapons, firearms, tobacco, and GMOs (genetically modified organisms), that do not align with the mission of our firm and the values of our investors.

Learn more about our sustainable investment strategy.

A sustainable investment strategy that incorporates environmental, social, and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.

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IRA Options

There are several different types of IRA accounts

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Traditional IRA

For 2023, you may contribute up to $6,500 into a Green Century Funds Traditional IRA.

If you are 50 years old or older, the contribution limit is $7,500 for 2023.

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.

When you retire, distributions from your IRA are generally taxed as ordinary income.

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Roth IRA

For 2023, you may contribute up to $6,500 into a Green Century Funds Roth IRA.

If you are 50 years old or older, the contribution limit is $7,500 for 2023.

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 more about what funds to invest with a Roth IRA, here.

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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).

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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.

Green Century Funds charges a $20 annual recordkeeping fee to maintain an IRA. The $20 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 $20 fee.

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Please call 1-800-934-7336 or consult a tax professional if you have any questions regarding IRA accounts.

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.