6 Best Roth IRA Accounts (to open for new investors)
I’ve said it once and I’ll say it again: “I love talking about the Roth IRA.
If you’ve watched any of my other videos where I mention this amazing investment tool, then changes are you are chomping at the bit to get your hands on some of this tax free money.
I’m not the only one in love with the Roth IRA, Dave Ramsey is too!
On the blog, GoodFinancialCents.com...
📍Roth IRA Rules:
💰Best Places to Open Roth IRA:
Many of you want this tax free money, you want to open a Roth IRA, but you don’t know where to go. Well, guess what? This video is just for you.
As a former financial planner, I have a lot of experience in opening Roth IRAs at different custodians. I’ve also done a ton of research for all the different online options.
In this video I am going to share the 6 Best Roth IRA Accounts (and one to avoid at all costs).
These are the best alternatives for beginners:
➡️1. TD Ameritrade - This is a great hands-on option. They have a $0 account minimum to get started.
➡️2. Ally Invest - Another great hands-on option with $0 account minimums.
➡️3. Betterment - This is a hands-off option, meaning they will chose the investments for you based on your goals.
➡️4. M1 Finance - They offer ‘Expert Pie’s’ that are built by investment professionals, based on your savings goals.
➡️5. Fundrise - This is an alternative option and they do have account minimums ($500). They use an outside custodian for their IRAs.
➡️6. LendingClub - Another alternative option with peer-to-peer lending. Their Roth IRAs do have a maintained balance of $5,500.
Now, let’s get to the ONE you want to avoid at all costs.
❌You want to avoid any investment place that doesn’t offer any ‘true’ investments. You may run into this at some local banks or credit unions.
I hope this is getting you motivated to go open up your first Roth IRA.