No two providers are the same, so we compiled a list of the best rollover IRA providers using a methodology that evaluates costs, investment options, customer support accessibility and more. We also consider whether brokers offer any type of incentive for rolling over funds.
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We're big on editorial independence. That means our content, reviews and ratings are fair, accurate and trustworthy. We don't let advertisers or partners sway our opinions. Our financial experts put in the hard work, spending hours researching and analyzing hundreds of products based on data-driven methodologies to find the best accounts and providers for you. Explore our editorial guidelines to see how we work.
Fidelity IRA
Finder score
For its extensive lineup of investment options, top-tier research tools and low fees.
Fidelity's undeniably one of the best brokers on the market. Its investment options are diverse and its trading tools robust — exactly what you'd expect from a full service broker. Fidelity offers mobile, web-based and desktop trading platforms, with access to top-tier research and analysis tools like advanced charts, valuation metrics and third-party research reports. It also offer beginner-friendly resources, such as trending stock lists, educational resources and 24/7 customer support. Fidelity also boasts some of the lowest back-end account fees in the industry.
Meanwhile, Fidelity offers industry-leading planning and advice resources, including both human and robo-advisor portfolio management services.
Other winning categories: Best IRA account without fees
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Custodial |
| Annual fee | $0 |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Custodial |
| Annual fee | $0 |
Tastytrade IRA
Finder score
For its access to and competitive trading fees on options, futures, options on futures, options on micro futures and smalls futures options.
Designed primarily for derivatives trading, tastytrade boasts an impressive collection of trading products in its IRAs and some of the best pricing on options and futures contracts in the industry. Stocks and ETFs are commission-free, options have no closing commissions and its trading platforms are powerful, with advanced trading, research and analysis tools, including profit and loss visualizations and a quick roll feature to roll your option position into the future.
Meanwhile, tastytrade offers a comprehensive learning center with video and live demos to help you level up your trading.
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Beneficiary Traditional, Beneficiary Roth |
| Annual fee | $0 |
| IRA match | N/A |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Beneficiary Traditional, Beneficiary Roth |
| Annual fee | $0 |
| IRA match | N/A |
Interactive Brokers IRA
Finder score
For its advanced and beginner-friendly mobile trading apps.
In addition to receiving high marks from both Apple and Android users, Interactive Brokers' (IBKR) main mobile trading platform, IBKR Mobile, offers the powerful trading tools that many brokers reserve for their web and desktop trading platforms. These include advanced, interactive charts with over 90 indicators, analyst ratings and price targets, earnings estimates, company financials and more. In other words, there's little you can't do with IBKR Mobile. What's more, Interactive Brokers offers the more beginner-friendly IBKR GlobalTrader and IMPACT mobile trading platforms for those looking for a more simplified investing experience.
IBKR Mobile is the most feature-rich mobile platform according to Finder's analysis, while IBKR GlobalTrader is a solid option for beginners. Tack on its wide range of investment options, low trading costs and access to global markets and you can see why IBKR is not only the best IRA for mobile trading but also one of the best brokerage accounts on the market.
Other winning categories: Best for international trading
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover |
| Annual fee | $0 |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover |
| Annual fee | $0 |
Robinhood Retirement
Finder score
For its commission-free trades, 24/7 customer support and user-friendly trading platform.
It wasn't just its offering of commission-free trades that led Robinhood to transform the way people buy and sell stocks over the past decade but also its beginner-friendly mobile app with its intuitive design and agile interface, which simplified investing for the masses. Nothing's changed on that front. IRAs that pay matching contributions and 24/5 trading are just some of the upgrades Robinhood's made since first launching.
Robinhood's launch of its IRA matching contributions is yet another innovative product that keeps it steps ahead of other brokers. Earn up to a 3% match on annual contributions with Robinhood Gold — or 1% without — while all IRA transfers and 401(k) rollovers earn 1%, with no cap. All this on top of fractional share trading, 100% commission-free trades for stocks, ETFs and options, instant deposits and a user-friendly platform that makes investing a breeze. Robinhood has lots to offer investors looking to build a retirement portfolio, and it'll reward you for making the move.
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, Rollover |
| Annual fee | $0 |
| IRA match | Up to 3% |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, Rollover |
| Annual fee | $0 |
| IRA match | Up to 3% |
SoFi IRA
Finder score
For its robo advisors and complimentary access to certified financial planners.
SoFi Invest is one of the only brokers in the industry that offers complimentary access to certified financial planners, a service that can cost you several hundred dollars a session. As a SoFi customer, these consultations come at no additional cost. Get access and connect with a SoFi financial planner to discuss anything from investment strategies to paying off debt to tax planning. Start with as little as $1 and get a custom portfolio of low-cost ETFs, with recurring deposits and automatic rebalancing.
Meanwhile, hands-on investors can trade stocks, ETFs, mutual funds and alternative asset interval funds with a broker that makes investing approachable and professional financial guidance accessible.
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover |
| Annual fee | $0 |
| IRA match | 1% |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover |
| Annual fee | $0 |
| IRA match | 1% |
Vanguard IRA
Finder score
For its low-cost approach to mutual fund investing.
One of the most trusted names in the industry, Vanguard's history dates back to when it launched its first mutual fund back in 1929. Today, Vanguard continues to stand out for its vast low-cost collection of index funds, actively managed funds, target retirement funds and environmental, social and corporate governance-focused funds.
But Vanguard also offers access to stocks, options, ETFs and bonds in its IRAs, few account fees and access to human and robo financial advisory services for those looking for additional guidance on their investments.
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Spousal, Rollover |
| Annual fee | $25 |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Spousal, Rollover |
| Annual fee | $25 |
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
Finder’s investments experts review 18 brokers available on the market to narrow down the best IRAs for trading and investing.
We analyze each platform based on 147 key metrics we collect directly from brokers and assess each provider’s performance based on eight different categories, weighing each metric based on the expertise and insights of Finder’s investment experts. We then score and rank each provider depending on how it performs in each category. If a broker offers a unique, standout feature that’s a key distinguisher between others, the broker is given additional recognition.
How we weigh the overall rating
| Investment options | Trading platforms | Trading costs | Account fees | Account types | Customer support | Mobile app reviews | Features |
|---|---|---|---|---|---|---|---|
| 21% | 12% | 9% | 13% | 5% | 8% | 8% | 25% |
We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.
Opening a rollover IRA isn’t much different than opening a brokerage account or bank account. With most providers, you can open a rollover IRA online in minutes.
Choose a broker or robo-advisor, and complete a brief application by providing personal information such as your name, address, date of birth and Social Security number. Completed applications are typically approved instantly, though the broker may take a couple days to verify your information. Follow these steps to roll over an old 401(k):
Finder’s picks for the best rollover IRA accounts are meant to provide you with a starting point for finding the right broker for your retirement. That said, it’s important to consider your personal preference and individual investing goals too.
Consider the following factors when comparing your options:
Before you open an IRA, you may want to consider the differences between traditional and Roth IRAs.
The main difference is how they’re taxed: Contributions to traditional IRAs are tax-deductible, but distributions in retirement are taxed. Roth IRAs, on the other hand, allow tax-free distributions in retirement, but you need to pay taxes when you make your contributions.
If you’re saving and building up gains in the account for a long time and think you’ll be in a higher tax bracket when you leave the workforce, a Roth may be a better option. But if a tax deduction in the year in which you made the contribution is more important, then a traditional IRA may be more suitable. Alternatively, open a traditional IRA and a Roth IRA, if you’re eligibile, for a choice of taxable or tax-free contributions and income when you retire. You can’t contribute more than the total contribution limit for that tax year to all your IRAs, and Roth IRAs have specific income limits you need to meet to qualify to open an account.
Investing through an IRA up to the $7,000 ($8,000 if you’re age 50 or older) limit in 2024 can help grow your retirement savings at a potentially quicker pace than if you were to invest that same $7,000 in a taxable brokerage account. That’s because IRA contributions and earnings grow tax-free or tax-deferred and you can enjoy tax-deductions or tax-free withdrawals in retirement, depending on which IRA type you go with — traditional IRA or Roth IRA. Plus, trade most assets in an IRA just as you would in an individual brokerage account.
But not all Americans who buy stocks do it through one of these accounts, Finder’s Consumer Confidence Index shows. Of Americans that invest in stocks, 45% trade and invest through a taxable brokerage account. Only 25% invest through an IRA and take advantage of these valuable tax benefits, while 21% have no IRA at all.
| If you're a | And want to | Consider this |
|---|---|---|
| Beginner investor | Do most or all of your trading on your mobile device | Best stock trading apps |
| Beginner investor | Trade and invest with as few fees as possible | Best discount stock brokers |
| Beginner investor | Outsource portfolio management automatically and at a low cost | Best robo-advisors |
| Beginner investor | Gain exposure to multiple assets like stocks, bonds or gold through a single fund | Best ETF brokers |
| Experienced investor | Get an overall idea of providers on the market and what they're best for | Best brokerage accounts |
| Experienced investor | Invest internationally in stocks, ETFs and other assets | Best international stock brokers |
| Retirement saver of any experience level | Save for retirement with upfront tax benefits | Best (traditional) IRA |
| Retirement saver of any experience level | Save for retirement and enjoy tax-free withdrawals | Best Roth IRA |
| Investor of any experience level | Diversify with low-cost index funds | Best brokerage accounts for index funds 2024 |
One disadvantage of rolling over funds from a 401(k) or other employer-sponsored retirement plan to an IRA is the loss of creditor protection. Depending on state laws, assets held in employer-sponsored retirement plans like 401(k)s may have greater protection from creditors in the event of bankruptcy or legal judgments compared to assets held in rollover IRAs. This loss of creditor protection could potentially expose your retirement savings to greater risk in certain situations.
Open a rollover IRA with a provider that charges the fewest fees and offers the investment options, tools and resources you want according to your investing style. Consider whether you want to manage your investments yourself or if you want an advisor or robo-advisor to manage your investments for you.
A rollover IRA can be beneficial for consolidating retirement accounts, accessing a broader range of investment options and potentially reducing fees. However, consider the tax implications and loss of employer benefits and creditor protection before making a decision.
Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.
Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
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