The ideal place for you to open a Roth IRA depends on your unique needs and investment objectives, taking into account factors like investments desired, fees associated with opening one and educational resources available to you.
Charles Schwab provides affordable Roth IRA options at competitive costs, without an account minimum or recurring fees, with customer representatives available 24/7.
Charles Schwab
Schwab stands out as an excellent option when it comes to investing in a Roth IRA, offering low minimum investments, free trades on ETFs, and thousands of no-fee mutual funds. Furthermore, it features comprehensive market research tools.
Vanguard provides customers with access to an expansive selection of U.S. and international stock and bond funds with low expense ratios at competitive rates, in addition to retirement services like online guidance from financial professionals.
Top brokers for IRAs provide 24/7 customer support, which can be especially beneficial to new investors. Account-opening fees may apply with some brokers; while robo-advisors and alternative investing platforms often have funding requirements. Ally is one such broker without opening or closing fees and seamlessly links savings accounts to brokerage and retirement accounts with FDIC-insured deposits offering higher yield interest rates than elsewhere. TD Ameritrade may charge fees on transfers and account closures.
Fidelity
Fidelity stands out in our Roth IRA rankings thanks to its low fees, user-friendly website, round-the-clock customer support and selection of investment services. Merrill Edge brokerage account features no minimum opening deposit requirement with commission-free trades on stocks and ETFs plus around 2,700 no-fee mutual funds; options trade at 65 cents per contract. TD Bank also has tie-ins with Fidelity so users have access to low cost savings accounts and CDs; in addition to some of the finest financial market research available – complete with detailed fund stories for every mutual fund.
Fidelity also offers retail Roth IRAs and self-directed Fidelity Go accounts that provide planning tools and support, with its Betterment robo-advisor renowned for its low fees; Betterment offers discretionary investment management tailored to your goals and risk tolerance; it doesn’t impose required minimum distributions at age 72 like traditional IRAs do.
Merrill Edge
Roth IRAs allow investors to save for retirement after-tax, then withdraw the earnings tax-free when withdrawing them in retirement. It has quickly become one of the most sought-after investing accounts due to their tax advantages as well as flexible withdrawal options and higher returns than traditional IRAs.
There are a variety of online brokers and brokerage firms that offer Roth IRAs; it is wise to compare fees, account opening requirements and features before choosing one as your provider.
TD Ameritrade is an experienced broker that offers self-directed investors a low-cost Roth IRA solution at competitive rates. Their account offers access to mutual funds, stocks, ETFs and bonds as well as unlimited guidance from an advisor and advanced trading tools for maximum flexibility and success.
TD Ameritrade provides access to its features through both its mobile app and desktop platform, including streaming real-time quotes, market news updates, technical analysis tools and stock screeners. Furthermore, its mobile app also allows users to create and save watchlists.
Wells Fargo
The bank’s Investing and Wealth Management division offers an impressive selection of investment products and accounts, tailored specifically for high-net-worth individuals looking for financial guidance. Their services also offer retirement solutions like Roth IRAs; customer support is available around the clock.
The company’s online brokerage account features no minimum account balance or fee to open a Roth IRA, no trading commissions on listed equity trades and an extensive array of tools and research. Plus, its partnership with Ally Bank makes adding FDIC-insured savings accounts or certificates of deposit easy!
Betterment, an established robo-advisor, offers another great choice. Their IRA account features low-fee ETFs that meet your investment goals and risk tolerance while offering automatic rebalancing, tax loss harvesting and lower than industry fees.
