Where to open your ROTH IRA

Started by Judy L.
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Tony D.

As large financial institutions merge and compete for your investment dollars they are all beginning to look alike in terms of services and fee structures.

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Elena B.

I use Fidelity for my Roth IRA. I prefer their low fee schedule on self directed accounts. Also they offer quite a few low or no expense ratio mutual funds.

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Manuel M.

I also use Fidelity for my Roth IRA. I love their app. It's easy to use and has stocks and mutual funds to invest in.

Deleted user

Can you have more than one Roth IRA accounts?

You can have only one Roth IRA, but you can have multiple Roth IRA accounts to hold investments in different places. So you can have Roth IRA accounts at both Fidelity and Vanguard, for example, but the 2020 (and 2021) annual IRS limit for contributions is still $6000 ($7000 for age 50 or older) total.

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Sarah S.

I don't have a Roth currently, but I am thinking about it. Thanks for the advice on where to open one!

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Tonya B.

Thanks for all the good advice! Can't wait to get started.

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Aaron Y.

I'm some what surprised how many people use Fidelity and Vanguard. I think I may need to look into them and think about a rollover.

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