What Are The Best Places To Open A Roth IRA?

Advertisement

The Roth IRA is a novel extension to one’s retirement savings plan, offering you a tax-free income during retirement. The long-term tax benefits make it an amazing means to invest for a person’s retirement. This gives investors the occasion to invest for long-term growth without paying taxes on their qualified Roth IRA withdrawal at the time of retirement. But do you know what are the best places to open a Roth IRA? However, before you finalize your plan, you should know the different types of Retirement Plans.

Best Places To Open A Roth IRA

Best Places To Open A Roth IRA

A Roth IRA is a great investment route for anyone who is thinking about their retirement. Thinking of Retirement? Start Planning Today!!! With no tension about paying tax during Roth IRA withdrawal, its growth is inevitable. The brokers that you will find below have been shortlisted based on several factors considered by most Roth IRA investors.

Scottrade

Scottrade

In order to stand apart in the crowd, Scottrade is constantly innovating new ways to make its web interface more interactive. With competitive fees, it offers nearly 500 walk-in locations across the country, providing the best-in-class customer service.

Why Scottrade?

  • Full-service platform: Scottrade offers more than just stock trading and IRA. From online banking to 401(k) rollovers to aggressive trading accounts, it offers the complete package.
  • Great customer service: Do you wish to invest but are struggling to do so? Go to your local Scottrade branch to discuss your investment plans with an expert or use its interactive online chat tools or simply call Scottrade.

Wealthfront

Wealthfront

Give your money to Wealthfront and it will manage your portfolio for you, without any effort on your part. Any account that is opened for less than $10,000 in value will be managed 100% free of any charges. Wealthfront has a stiff competition with two other financial advisors. Check out the Wealthfront vs Betterment vs Vanguard Reviews to know more.

Why Wealthfront?

  • No charges for accounts less than $10,000: As mentioned above Wealthfront charges no fees on any account with less than $10,000 in value. However, Wealthfront does charge a 0.25% annual fee on all portfolios above $10,000.
  • Completely zero efforts: Wealthfront sets you up in a specific group of investments. This is done depending on one’s financial goals. Afterwards, its exclusive software systems take care of the rest.

Fidelity

Fidelity Investments

Founded in 1946, Fidelity is one of the largest and well-known names in the investment industry in the US. As a highly successful company, it is currently managing more than $2 trillion in total assets.

Why Fidelity?

  • Tools at par with its competitors: You might have observed that a lot of advisors sacrifice the speed of their research or quality of online tools to keep the costs down. But that is not the case with Fidelity. It offers great tools with effective research materials to its investors without any compromise.
  • Fidelity is where your search ends: The online advisors offer great bonuses on its Roth IRA platform. But that’s not it! Fidelity is always ready to cross-sell investors into products with similar benefits. With plans such as 529 college savings at competitive rates and Fidelity Rewards Visa card with unlimited 2% cash back, it is hard to say no.

With so many types of Retirement Plans out there, you may want to try something else. Here are the Things You Should Know About 26(f) Investment Programs!

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *