Frequently Asked Questions
Investing for Retirement
What are the advantages of an IRA?
Saving for retirement is a long-term process, but the sooner you get started, the more time your investments have to grow. An IRA is a powerful ally, allowing your investments to grow tax deferred. To learn how an IRA can assist with your retirement savings, explore our Education Center.

What are the differences between a Traditional IRA and a Roth IRA?
Two of the most popular types of IRAs are Roth and Traditional, and both offer investors important benefits when saving for retirement. To learn more about which IRA is right for you, review our comparison chart.

Can I participate in my retirement plan at work and contribute to an individual retirement account?

Yes. Many investors choose to supplement their employer sponsored retirement plans with IRAs. Some of the common reasons investors also open IRAs include:

  • Tax deduction – If you qualify, contributions to Traditional IRAs may be deductable from your taxable income. To see if you qualify, click here.
  • More investment options – IRAs allow investors to add mutual funds of their own choosing for their retirement savings.
  • 401(k) Consolidation – Traditional IRAs give investors a place to consolidate their retirement plans from former employers. Plans include 401(k)s, 403(b)s, and 457 plans.
  • Maxed out 401(k) – For those that have contributed the maximum amount permitted into their employer retirement plans, IRAs allow for further tax-sheltered retirement savings.
Please consult a tax advisor regarding how IRAs may affect your personal taxes.

I do not have any earned income. Can I still have a Traditional or a Roth IRA?

Yes. While contributions to both Traditional and Roth IRAs must be made from earned income, there is an exception if you are married and your spouse has earned income. In this case, your spouse can contribute to an IRA on your behalf. Keep in mind, all other IRA qualifications will still apply.

Can I establish an IRA for a minor?

Yes. If a minor has earned income, you can establish a Custodial IRA. However, keep in mind all standard IRA qualifications will still apply. To open your minor’s account, please call a Shareholder Services Representative at 800-292-7435 (option 1) for additional assistance.

How do I open an Individual Retirement Account (IRA) with Ariel Investments?

It’s easy to start investing with Ariel Investments. However, before opening your account, be sure to:

  • Determine which type of IRA you would like to open—Traditional, Roth or SEP. To review features of each account, view our comparison chart.
  • Carefully review the prospectuses for each of our no-load mutual funds.

Once you are ready, visit our Open an Account page.

What is required to open an account?

To invest with Ariel Investments, you must be a U.S. citizen or resident alien, and you must reside in the United States and its territories or have a U.S. Military address. Shares of our mutual funds are offered for sale in the United States and its territories only.

To complete an application, please have the following information available:

  • Social Security Number (SSN) or Tax Identification Number (TIN)
  • Full Name and Date of Birth
  • Residential Address or U.S. Military Address

Additional information you may need:

  • For opening an IRA: the address and SSN of your beneficiary
  • If opening an account on our website: your bank routing and account number as well as a valid email address
How much does it take to get started?

The minimum initial investment for Investor Class shares is $1,000. The minimum initial investment for Institutional Class shares is $1 million. The minimum subsequent investment amount is $100.

Please make checks payable to Ariel Investment Trust. Unfortunately, we cannot accept cash, cashier’s checks, travelers checks, money orders, credit cards, credit card checks, third-party checks (except for properly endorsed IRA rollover checks), starter checks or business checks for deposit in individual accounts. We can only accept purchases in U.S. dollars drawn on U.S. banks.

Please call us at 800-292-7435 for instructions on how to invest via wire.

How does Ariel's Automatic Investment Program (AIP) work?

Even small amounts invested regularly can make a big difference over the long-term. Ariel’s Automatic Investment Program makes it easy to stay committed to your long-term goals. Here’s how it works:

  1. Decide how much you want to save per month (minimum of $50 each month, per fund you select)
  2. Choose among Ariel Fund, Ariel Appreciation Fund, Ariel Focus Fund , Ariel Discovery Fund, Ariel International Fund, and Ariel Global Fund.
  3. Tell us if the money will come from your bank account or paycheck

It’s that simple! The amount you choose will be automatically deducted each month and deposited into your Ariel account.

To get started, complete our Banking Instructions and Automatic Investment Form or Payroll Direct Deposit Form.

Can I purchase shares with a credit card, cash, money order or cashier's check?

Unfortunately, we cannot accept cash, cashier’s checks, travelers checks, money orders, credit cards, credit card checks, third-party checks (except for properly endorsed IRA rollover checks), starter checks or business checks for deposit in individual accounts. We can only accept purchases in U.S. dollars drawn on U.S. banks.

How do I move assets from my former employer's retirement plan (401(k), 403(b), 457, etc.) to Ariel Investments?

If you have left your former employer or retired, and wish to rollover your retirement plan to Ariel, you will first need a Traditional IRA account at Ariel Investments. To open an account, please complete our IRA Application and include a copy of your recent statement from the retirement plan. Both documents should be sent to:

Ariel Investment Trust
c/o U.S. Bancorp Fund Services, LLC
P.O. Box 701
Milwaukee, WI 53201-0701

Once we receive your application, we will open your account and provide you the account number. You can then contact the administrator of your retirement plan and notify them of your intent to rollover the account. They will provide further instructions and may request additional information to complete your request.

How do I transfer my IRA to an Ariel Investments IRA?

To transfer an IRA at another investment firm into your existing Ariel Investments IRA, please complete an IRA Transfer Form. If you do not have an existing Ariel Investments IRA, please also complete an IRA Application. Be sure to include a copy of a recent statement from your current IRA administrator with your transfer form. All documents should be sent to:

Ariel Investment Trust
c/o U.S. Bancorp Fund Services, LLC
P.O. Box 701
Milwaukee, WI 53201-0701

You may also want to contact your current IRA Custodian to see if they require additional forms to finalize the transfer.

 
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Past performance does not guarantee future results. © Ariel Investments, LLC. The mutual funds offered by Ariel Investment Trust are distributed by Ariel Distributors, LLC. Use of this website is subject to our Terms & Conditions of use. Each of the investment products, mutual funds or services referred to in this site may be offered only to persons in the United States. This web site should not be considered a solicitation or offering of any investment products, funds or services to investors outside the United States. Original illustrations © Omar Rayyan 2007.