Best Roth IRA Platforms?

Question

It has been a while since this topic has been posted and the old forums mostly contain outdated information given the recent trend of fee pressure within the industry.

I am looking to open up a Roth IRA account and I want to find the best one for my use. I will mostly use it for just long-term buys and holds (S&P Index, Total International Bond/Equity Index). I am looking for lowest cost, user friendly, and strong research (for actively investing in PA) platforms.

I’ve done some research online and it’s all pretty generic information and reviews.

semanticscholar · Accepted Answer

If you plan on running a basic mutual fund strategy and don't care much about portfolio analytics, I recommend Fidelity since they have a line of ZERO expense ratio mutual funds that will give you exposure to US and International equities for free (although fees at other brokers are super cheap and may also hit zero).

I recently moved my Roth from Fidelity to Interactive Brokers, however, since they have a more advanced trading/research platform and far, far superior portfolio analytics (called "Portfolio Analyst by IB").

jimmydiamond · Answer

I used Fidelity and Vanguard for awhile and have switched to Fidelity as my primary broker for all new capital (since Vanguard was buy and hold, i didn't roll it over or anything I'm fine with letting it sit there).

I like Fidelity because I believe it has the most commission-free ETFs/Mutual fund options of any of the major brokers, has commision-free single stock trades when I want to do that, and has a much friendlier User Interface on mobile and computer than Vanguard.

Pierogi Equities · Answer

Personally, I'm a strong believer in the buy and hold approach for retirement savings specifically, so I think either Vanguard or Fidelity would be best for that. Vanguard is especially good for that since their site is a little dated (though they're revamping it and updating their app), but Fidelity has a great selection of ETFs/funds too and their site is a bit slicker.

jimmydiamond · Answer

You can make contributions to your Roth at any point in the tax year. It can be all one lump sum the day before the tax year ends or you can make small contributions on the way.

There ARE income limits as well as the $6,000 contribution limit.

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Best Roth IRA Platforms?

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