You’re about to see some the best Roth IRA accounts on the market.
These picks are determined using an unbiased rating system that considers everything from trading costs and fees to investment options, trading platforms, features, customer support availability and more.
In fact, I use several of these exact Roth IRA providers to invest for my retirement.
With that, it’s time to reveal our picks of the best Roth IRA accounts.
Why trust Finder
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.
Key features
Other winning categories: Best Roth 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 |
SoFi IRA
Finder score
For its free robo-advisor and complimentary access to certified financial planners.
Key features
| 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% |
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.
Key features
| 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 |
Vanguard IRA
Finder score
For its low-cost approach to mutual fund investing.
Key features
| 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 |
Interactive Brokers IRA
Finder score
For its advanced and beginner-friendly mobile trading apps.
Key features
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.
Key features
| 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% |
Betterment
Finder score
For its diverse portfolio mix, access to human financial advisors and robo-specific features like tax-loss harvesting and automatic dividend reinvestment.
Key features
Numerous curated portfolio options
| Minimum deposit | $10 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Inherited |
| Minimum deposit | $10 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Inherited |
E*TRADE IRA
Finder score
For its access to low-cost custodial Roth IRAs.
Key features
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, Rollover, Beneficiary Traditional |
| Annual fee | $0 |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, Rollover, Beneficiary Traditional |
| Annual fee | $0 |
Charles Schwab
Finder score
For its advanced research and analysis tools and premium third-party research reports.
Key features
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Custodial, SIMPLE |
| Annual fee | $0 |
| Minimum deposit | $0 |
|---|---|
| Retirement account types | Roth, Traditional, SEP, Rollover, Custodial, SIMPLE |
| Annual fee | $0 |
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 Roth 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
| Category | Weighting |
|---|---|
| Investment options | 25% |
| Trading platforms and technology | 15% |
| Trading costs | 10% |
| Account fees | 10% |
| Account types and minimums | 5% |
| Customer support | 10% |
| Mobile app ratings and security | 2.5% |
| Features and amenities | 20% |
| IRA match | 2.5% |
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 an IRA isn’t much different than opening a brokerage account or bank account. With most providers, you can open an 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. Then, connect a bank account to fund your account or rollover an old 401(k).
Finder’s picks for the best Roth 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 choose, you may want to give some thought to what the differences between traditional and Roth IRAs are. The main difference is how they’re taxed: Contributions to traditional IRAs are tax-deductible, but distributions are taxed. Roth IRAs allow tax-free distributions, but you’ll pay taxes on your contributions and not distributions. If you’re saving and building up gains in the account for a long time, a Roth may give you more in the end.
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.
What Bob thinks about where to hold your Roth IRA:
When choosing where to hold your Roth IRA, one thing you might consider is whether you want to invest in mutual funds. You can generally only buy a mutual fund from its home provider – at least if you want to avoid fees. For example, Fidelity's FZROX is a total stock market mutual fund with a 0.00% expense ratio. If you want to buy this fund, you buy it directly from Fidelity. The same is true for other popular mutual funds.
— Bob Haegele, Personal finance writer and expert
An IRA is a fundamental account for retirement savers. Trade most assets just as you would in an individual brokerage account but enjoy valuable tax benefits as you do so — benefits like tax-free or tax-deferred growth on the contributions and investment earnings in your account and tax-deductions or tax-free withdrawals in retirement. Invest up to $7,000 ($8,000 if you’re age 50 or older) in one of these accounts in 2024 and let the tax benefits boost your savings to potentially grow more quickly than in a taxable account.
But according to Finder’s Consumer Confidence Index, not all Americans who buy stocks do it through one of these accounts. 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 |
If you’re a beginner looking to open a Roth IRA, platforms like SoFi Invest and Robinhood make it incredibly easy to start investing and may be the best platforms with which to start a Roth IRA. Meanwhile, big-broker platforms like Fidelity and Charles Schwab offer the most flexibility in terms of investment options and trading tools.
A Fidelity Roth IRA is a great choice if you want an account with one of the largest US brokerage firms, with low fees and access to a range of investment options.
More conservative investments include US Treasuries, municipal bonds, money market funds, low-risk dividend-yield stocks, CDs, mutual funds and other index funds.
You can withdraw your original Roth IRA contributions at any time; however, you must own the account for at least five years before your earnings can be distributed tax-free. Earnings withdrawn before the age of 59 and a half are subject to a 10% penalty.
How much a Roth IRA will grow in 20 years depends on the initial balance, ongoing contributions and the types of investments in your account.
The best Roth IRA investments may include a mix of index funds, dividend stocks, bond funds and other long-term investments.
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