From what company is the best to get a Roth IRA account and why?

Answer 1

If you are of a mind to be in full control of your investments, I would suggest Schwab. Its your money and you are in 100% control. I like Schwab because I've been with them for years and they don't make mistakes, ever. When you call on the phone, any hour of the day or night, whoever answers always has the complete answer -- no forwarding, waiting for someone else. They just know it all. I also like their StreetSmart Pro on-line system. At $9.95 a trade, its hard to get significantly cheaper.

Answer 2

Depends on how you'd like to invest.

For myself, I'm generally investing retirement funds in mutual funds, not individual stocks. So I opened my Roth IRA at Vanguard, because they have good mutual funds, and they keep their fees and expenses very low, so my profits aren't eaten up by fees.

I have a Rollover IRA at Fidelity for the same reason. Ultimately, there's no reason you couldn't get a brokerage account at a low cost brokerage like E-trade or Scottrade, and buy mutual funds through them if you wanted to. I believe one or both of those let you buy mutual funds for no additional cost, so you could get the Vanguard, Fidelity or other funds through them.

Answer 3

I would recommend Vanguard -- they have *always had* mutual funds with very low expense ratios. Customer service is very good too.

If you prefer to invest in stocks rather than mutual funds in your IRA, I have had good experiences with Scottrade and Charles Schwab. Scottrade is a little more cheaper than Schwab.

Answer 4

I like to talk to a live person about possible investing, so I would recommend whatever company has a local office for you. Examples: Fidelity, Merril Lynch, ING. Check out their websites and office locations.