Compare Roth IRA Account Providers
Most financial service providers can assist you in opening a Roth IRA account. Contrary to popular belief, a Roth IRA is nothing more than a way to tax holdings--not an investment product in and of itself. Online discount brokers tend to charge the lowest fees on trades and ongoing account maintenance.
Why Go Discount?
If you are confident in your ability to choose which assets to invest your earnings in, it is wise to go with a discount brokerage. As stated above, these brokers charge the lowest fees and allow the most flexibility in terms of investment choices. Learn more about a few of the more well known Roth IRA account providers below.
Fidelity is America's #1 IRA provider and they are one of the most trusted brand names in all of personal finance. They offer virtually everything in a one-stop shop. With most accounts, you will have free one-on-one access to Fidelity investment professionals in person, over the phone, and online as well as access to their mobile app.
- $7.95 stock trades
- Robust free tools and apps.
- Access to all types of investment products.
E*TRADE is one of the most trusted online brokers on the web, with over 25 years of serving investor’s retirement needs. E*TRADE offers retirement advice and guidance from Chartered Retirement Planning Counselors, who can help you create a plan, and stay on track. E*TRADE also offers powerful online tools like the Retirement Planning Calculator and Online Portfolio Advisor for investors who would prefer to build their retirement plan themselves. Here are some additional reasons why E*TRADE might make sense for you:
- Open an IRA and Get up to $600
- No Annual IRA Fees and No Account Minimums
- A Full Range of Low Cost Investment Choices
Merrill Edge has won awards from Barron's, JD Power and Kiplinger's as one of the best online brokers. Their integration with Bank of America offers a unique ability to combine your investments with your banking to manage and transfer between either account.
- Trades as low as $6.95
- One-on-one advice & guidance at 2,000+ Bank of America centers
- Industry leading research tools
The Bottom Line
Don't spend months scrutinizing every detail about a provider when you could just as well be contributing the whole time! Maxing out your Roth IRA account with any provider is going to take you much further in the long run than saving a few bucks a trade here or there.
Important Roth Information
Each year, the IRS updates the rules for IRAs. Here are all the details for 2016: