Top Roth IRA Providers-2348264264

Opening a Roth IRA account is a good idea. It has long-term tax advantages. And because of that, it is a great way to invest for your retirement, giving investors the opportunity to invest for long term growth without having to pay any taxes on their qualified withdrawals in retirement age.

Opening one is easy too. Really? Yes. What you need to do is fill out a form or two and make a contribution. And you’re done. The difficult part is, deciding where to open your account. Also, which investments to purchase.

Here, we have some examples of Roth IRA brokers. You can use it as your starting point.

Scottrade

It is one of the most well-respected discount brokerage firms. Scottrade offers a feature that none of the other major discount brokerages offers: local branches. Not only that, Scottrade also features free tax management tools, low-cost commissions, advanced trading tools and much more. Roth IRA account features:

  • No custodial fees
  • No minimum balance for Roth IRA accounts
  • $7 stock trades
  • Local branches

E*Trade

E*Trade is the #1 online broker for 3 consecutive years, between 07-09, according to Smart Money Magazine. Not only they offer a full-service brokerage, they also offer a full-scale bank, including savings accounts and top rated checking. Their Roth IRA option is very attractive, especially for people who prefer to do more of their banking with one financial institution. Roth IRA account features:

  • No custodial fees with electronic statements
  • No minimum balance for Roth IRA accounts
  • $9.99 stock trades
  • Full feature bank

TradeKing

TradeKing has been rated best in customer service and best overall discount broker. TradeKing offers a community where investors can share information and tips, a learning center, free access to Maxit Tax Manager, free trading tools, and $4.95 trades. Roth IRA account features:

  • No custodial fees
  • No minimum balance for Roth IRA accounts
  • $4.95 stock trades
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