Personal Choice Retirement Account With a Schwab Personal Choice Retirement Account® (PCRA), you can invest in a retirement plan with the freedom of a brokerage account. What is it? A Schwab PCRA is a self-directed brokerage account (SDBA) that resides within your employer-sponsored retirement plan. In addition to the choices typically offered by retirement plans, PCRA lets you invest in a much wider range of investments.
Your retirement plan provider must offer PCRA as part of your retirement plan in order for you to open an account. Your employer will determine if your retirement plan's investment selection for PCRA includes only mutual funds or most available investments. You decide how much money to transfer from your retirement plan into your PCRA.
Are seeking a wider range of investments Can dedicate more time to managing their investments Are comfortable making more of their own investing decisions Schwab is restricted from providing advice on PCRAs; however, your retirement plan may allow you to appoint an independent advisor. Benefits of a PCRA A PCRA may be able to help you meet your retirement investment objectives:
More investment choices. Select from thousands of investments available through Schwab, depending on what your retirement plan allows. Premium research and tools. Find the right investments for you with Schwab's industry-leading resources. Flexibility to invest your way. Place trade orders on your own or with help from Schwab. Fees and requirements Schwab does not charge you a fee for PCRA. Your retirement plan provider may charge an account maintenance fee. Transaction fees and commissions apply. See the Charles Schwab Pricing Guide for Retirement Plan Accounts and the PCRA Pricing Summary for details. Your PCRA cannot be included with your other household accounts at Schwab.
