Individual Retirement Account(IRA) is a kind of a savings account for those retirement days with a plethora of additional tax advantages. Best IRA Accounts of 2018 are the ones that offer excellent interest rates from a long-term perspective, low-cost investments, minimum annual fees, a healthy customer support as well as handy retirement plans. All these plans seem rather endearing and stressful. Well, for your utmost comfort, we have curated a list of some of the best IRA providers to plan your retirement a little better. Introductory deals, list of investment products, types of IRA accounts and quality lifetime benefits are the basis of our categorizing the accounts.
Some of the best IRA Accounts of 2018 are:
This one stands at the top of the list of best brokers per year in terms of every single information and service at the disposal of your hands. They offer multiple investment products or resources a retirement plan must have. There is no minimum limit on the amount to be deposited in the account. They offer quality information on all IRA related queries ranging from rollover to the IRA conversion. You can receive $600 on opening the account but with minimum terms and conditions on deposit. They allow you to invest in more than 8k of mutual funds in which some of them are absolutely chargeless. For depositing more than $10k, you will be allowed a free 60 day of trading. It is perfect for those looking for a variety of long-term mutual fund investment choices.
2. TD Ameritrade
Termed as the “best online broker” for a long-term saving investment with quality additional tax benefits, TD Ameritrade is one of the best IRA Accounts of 2018. They offer access to every trading tool and investment resource at your immediate disposal. There are 0$ annual fees for the account and its maintenance. The resource offers a variety of IRAs including Roth IRA, Roll Over IRA, SEP, 401K and many more. There is no minimum limit on opening the account. They allow you to discuss your plans with a Chartered Counsellor before choosing the best retirement plan for you. You can even score $600 on rolling over your 401k. This resource is perfect for those beginners that have no knowledge of the IRAs.
3. Ally Invest
One of the cheapest IRA account option available for managing your retirement plans is Ally Invest. From a low trading fee of $4.95 per stock, Ally Invest has come a long way. There trading tools available at your disposal are some of the best in the market that offers excellent services as compared to traditional or Roth IRAs. It is perfect for the people looking for saving huge bucks on trading costs and after their merger with Zecco in 2013, Ally Invest is preferred by millions. There are not your typical full-service brokers but the network does allow you to see the scope of how you can save immensely. There is no minimum deposit amount mandatory on opening the account and you are allowed to refund your $150 of annual fees considering you clear all the conditions. There are a variety of deal seekers to look out for but you are not offered every resource that is offered by a full-service broker.
One of the best IRA Accounts of 2018 ranked in terms of robust customer support services, Scottrade has more than 500 branches all over the world. They are the best for people looking for retirement solutions with bad credits. They offer resources and trading tools of a full-service broker. Comparing with the Ally Services that were the cheapest among all, Scottrade also offers commissions at $7 per trade. They offer $1,000 of cash on opening a new account. One of their best features is the Flexible Reinvestment Program that allows you to invest even the little dividends from the stocks with paying any commission. They don’t charge any kind of fees to open an IRA account and offers more than 3000 mutual funds schemes without any transaction charges to choose from. It is the best choice if you are considering lower commission prices from a full-service broker and excellent customer services.
For the ones suffering from understanding what kind of plan or a portfolio is best for their retirement age, Wealthfront manages all by constructing portfolios from the low-cost ETFs with a low-cost fee. Your first $1,000 will be managed for free for a promotional period and after that, they charge 0.25%. They offer tax-loss harvesting that allows you to invest your shares without any commission. The IRA resource allows you to manage the risks, build your portfolio and a low-cost fee structure with an excellent customer service. Their tax efficient services are perfect for those looking for simpler IRA solutions. $500 is the minimum account fees for opening an account.
Do check out our blog post for the Best Budgeting and Savings tools.