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Retirement
Best Roth IRA Accounts

11 best Roth IRA accounts: best for beginners, low fees and more

Eric Esposito Freelance Contributor

Fact checked by Clay Halton

Updated Apr 24, 2025

Pay now, save later. Grow your retirement nest egg by finding the account that suits your needs.

While we adhere to strict editorial guidelines, partners on this page may provide us earnings.

With a Roth IRA, you contribute after-tax dollars, but your money grows tax-free and can be withdrawn tax-free in retirement. Luckily, many trading platforms now accept Roth IRAs, so you could easily use this tax-advantaged strategy — but not every platform offers the same features. Some stand out for their low fees, investment options and tools. Knowing which one works the best for you can help your retirement savings soar.

Here are the best Roth IRA accounts to help you grow your retirement savings.

Best Roth IRA accounts

  • Methodology: How we rank the best Roth IRAs

    +

    Our Roth IRA Ranking Methodology

    We evaluated and rated 22 Roth IRA providers based on over 5,500 data points, using a rigorous, data-driven process developed by the experts at Moneywise. Our goal is to help you choose the Roth IRA account that aligns with your financial goals and long-term retirement strategy.

    Our expert team

    Our methodology was developed by a panel of Moneywise subject matter experts, including fintech journalists, analysts, and personal finance professionals. Each expert brought hands-on knowledge of retirement investing and an understanding of the specific needs of Roth IRA account holders.

    While the platforms included in our rankings were independently selected, some links in this article may be from our sponsors. Regardless, our reviews are held to strict editorial standards and never influenced by compensation.

    How we evaluated providers

    We compared 22 Roth IRA providers across a wide set of criteria that matter most to long-term investors. Each provider was assessed on a 1 to 5-star scale, with 5 stars representing the best available option. Our evaluation focused on:

    • Customer Support – Availability, responsiveness, and helpfulness

    • Educational Resources – Quality and depth of information about Roth IRAs

    • Ease of Use – User experience across desktop and mobile platforms

    • Mobile App – App performance, usability, and features

    • Reputation – Industry standing, customer reviews, and trustworthiness

    • Assets Under Management – Where available, used to gauge provider size

    • ESG Investing Options – Availability of socially responsible investing choices

    • IRA Account Types Offered – Range of available retirement accounts

    • IRA Fees – Including: annual fee, maintenance fee, inactivity fee, termination fee etc.

    • IRA Contribution Match – Any matching incentives for Roth IRA deposits

    • Robo-Advisor Fees – Where applicable, cost of automated investing

    Our approach

    Our evaluation process emphasizes transparency, independence, and accuracy. Every data point was carefully verified and analyzed, and each rating was based on thorough research and real-user insights. We do not accept paid placements in our rankings—our recommendations are always based on merit.

    Why it matters

    Roth IRAs offer powerful tax advantages and long-term growth potential, but not all providers are equal. By spotlighting the platforms that excel in fees, features, support, and accessibility, we aim to connect you with the Roth IRA account that best fits your goals—whether you're just starting out or optimizing an existing portfolio.

    Our mission

    Moneywise is committed to helping readers make informed, confident financial decisions. With our unbiased rankings, we aim to simplify your search for the best Roth IRA provider, so you can focus on building your retirement savings with clarity and peace of mind.

Best Roth IRA overall: Interactive Brokers

Interactive Brokers logo
Fast facts:
  • Minimum investment: $0
  • Account types: Traditional, Traditional Rollover, Traditional Inherited, Roth, Roth Inherited, Simplified Employee Pension (SEP) and SEP Inherited
  • Fees: None specific to Roth IRAs
  • Assets: Stocks, ETFs, mutual funds and options
  • Robo-advisor: Yes

  • Why we chose Interactive Brokers

    +

    Although Interactive Brokers (IBKR) may not be as beginner-friendly as other platforms, it's arguably the most comprehensive. Established in the 1970s, this brokerage has become a global trading hub with access to multiple assets and extremely high liquidity. In terms of IRAs, you can easily open an IBKR Roth IRA and instantly get access to stocks, ETFs, mutual funds and options with your account. Active traders prefer using IBKR because it has exceptional technical analysis tools, but people who don't mind a slightly higher learning curve enjoy the variety of assets and low fees with their IBKR Roth IRA account.

Interactive Brokers pros and cons

Pros

Pros

  • Wide range of investment options: From stocks and ETFs to bonds, mutual funds, and options, IBKR supports diverse portfolio building.

  • Advanced trading tools: Professional-grade platforms like Trader Workstation (TWS) provide detailed analytics and screeners.

  • Low fees & commissions: IBKR offers competitive pricing with low (or even zero) commissions, which helps maximize a Roth IRA’s growth.

Cons

Cons

  • Higher learning curve: The advanced tools on IBKR might overwhelm new or casual investors.

  • No automated plan for IRAs: The Interactive Advisors robo-advisor service doesn’t accept IRAs at this time.

  • Complex fee schedule: Although IBKR’s fees are competitive, they aren’t easy to understand.

Great for active traders: TradeStation

TradeStatio logo
Fast facts:
  • Minimum investment: $0
  • Account types: Roth IRA, Traditional, IRA, SEP IRA and SIMPLE IRA
  • Fees: $35 annual IRA fee and a $50 IRA account termination fee
  • Assets available: Stocks, ETFs, options, mutual funds and bonds
  • Robo-advisor: No

  • Why we chose TradeStation

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    TradeStation is a powerful trading platform that has a reputation with active and advanced traders. Those who feel comfortable with a complicated trading interface and want access to powerful tools without high fees are the best fit for a TradeStation Roth IRA. TradeStation shines for its sophisticated order entry options and the ability to backtest and automate trading strategies with EasyLanguage programming. While passive IRA investors may not need all of these features, they are beneficial if you plan to use your Roth IRA with more active strategies.

TradeStation pros and cons

Pros

Pros

  • Professional-grade tools: From backtesting and coding to charting and technical indicators, TradeStation is perfect for active traders.

  • Long history: TradeStation has been around since the 1980s and has many awards for usability and security.

  • Multiple platform access: Beyond the desktop platform, TradeStation offers web and mobile apps for superior flexibility.

Cons

Cons

  • Not ideal for beginners: People who have no prior experience with investing or trading will probably feel overwhelmed on TradeStation.

  • Limited retirement guidance: TradeStation is more of a self-directed platform with less emphasis on retirement planning tools or personalized advice.

  • Administration fees: There are additional yearly IRA fees for administration, as well as a closure fee.

Great for active traders: tastytrade

tastytrade logo
Fast facts:
  • Minimum investment: $0
  • Account types: Roth IRA, Traditional IRA and SEP IRA
  • Fees: IRA closing fee and ACAT transfer
  • Assets available: Stocks, ETFs, options, futures and cryptocurrencies
  • Robo-advisor: No

  • Why we chose tastytrade

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    The founders of tastytrade know a thing or two about building advanced interfaces. After all, this team created the thinkorswim platform, which remains one of the most revolutionary portals for advanced traders. With this experience in mind, it makes sense that tastytrade tends to attract active traders who feel at home toggling between tools and using multiple order types. With a Roth IRA, you can take advantage of stocks, options and ETFs on tastytrade and the educational resources on the tastylive station. For those who want a hands-on approach to investing and feel comfortable with an extensive interface, tastytrade may be the “tastiest” option for a Roth IRA.

Tastytrade pros and cons

Pros

Pros

  • Trader-focused: Created by the brains who made thinkorswim, tastytrade has a well-designed and intuitive interface for active traders.

  • Robust educational content: The tastylive platform offers tons of high-quality and up-to-date trading education and news.

  • Low costs: $0 commissions on stocks and ETFs, and $1 per options contract to open.

Cons

Cons

  • Not ideal for passive investors: Those looking for long-term, buy-and-hold investing often find tastytrade’s interface unnecessarily overwhelming.

  • No robo-advisory:t There’s no hands-off portfolio management tool.

  • No mutual funds: While tastytrade has plenty of ETFs, you won’t find mutual funds.1

Great for long-term investors: Fidelity

Fidelity Investments logo
Fast facts:
  • Minimum investment: $0
  • Account types: Roth IRA, Traditional IRA, Rollover IRA, SEP IRA and SIMPLE IRA
  • Fees: $0 annual IRA fees
  • Assets available: Stocks, ETFs, options, mutual funds, bonds and CDs
  • Robo-advisor: Yes

  • Why we chose Fidelity

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    If you're in it for the long haul, Fidelity could be your dependable financial friend. With decades of financial pedigree, this asset manager offers Roth IRA investors ironclad security, low fees, and access to many investment options. From no-fee index funds to bonds and beyond, you can take advantage of low or no-commission trading with your Fidelity IRA account. As a bonus, Fidelity offers robo-advisory and personal advisor options if you feel like taking a less active approach. Anyone who craves flexibility and the security of working with one of the biggest brands in finance should take a closer look at Fidelity's IRA offerings.

Fidelity pros and cons

Pros

Pros

  • Low fees: There are no commissions on US stocks and ETFs, as well as no annual IRA maintenance or closeout fees.

  • Offers robo-advisor and personal advisor: You can use services like Fidelity Go or personalized guidance if you want an expert-led portfolio.

  • Customer care options: As one of the largest asset managers, Fidelity has multiple ways to reach out to customer care reps.

Cons

Cons

  • Mutual fund expense ratios: Some mutual funds in Fidelity’s offerings have expense ratios, so be careful of extra fees.

  • Low Trustpilot scores: Some reviewers on Trustpilot complain about withdrawal issues and delays through Fidelity.2

  • Marketing favoritism: Like many financial institutions, Fidelity promotes its proprietary funds, which might not always be the best choice for every investor.

Great for long-term investors: E*TRADE

E*TRADE logo
Fast facts:
  • Minimum investment: $0
  • Account types: Roth IRA, Traditional IRA, Rollover IRA, SEP IRA, SIMPLE IRA, IRA for minors and Inherited IRA
  • Fees: No annual fee; percentage on robo-advisor service
  • Assets available: Stocks, ETFs, options, mutual funds and bonds
  • Robo-advisor: Yes

  • Why we chose E*TRADE

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    Backed by Morgan Stanley, E*TRADE is another solid option for Roth IRA investors of all skill levels. Like Fidelity, E*TRADE offers easy access to common IRA investments like stocks, ETFs and bonds with competitive commissions on trades. While the user interface may not be the most beginner-friendly, it's far more intuitive than trading-focused platforms like tastytrade or TradeStation. Also, E*TRADE makes it easy for IRA investors to take a more passive approach with its robo-advisor Core Portfolios platform. Overall, this is another solid choice for long-term investors who prioritize convenience and security.

E*TRADE pros and cons

Pros

Pros

  • High reputation: The connection to Morgan Stanley and decades-plus history make E*TRADE a secure platform.

  • Automated option: For a hands-off experience, you could use E*TRADE’s robo-advisor Core Portfolios.

  • Low fees: There are no commissions on stocks and ETFs, and E*TRADE doesn’t charge annual maintenance fees for IRAs.

Cons

Cons

  • Limited no-transaction-fee mutual funds: While E*TRADE offers a solid selection of no-transaction-fee mutual funds, this range typically isn’t as wide as competitors like Vanguard or Fidelity.

  • Doesn’t offer fractional stock shares: Currently, E*TRADE only offers fractional shares via ETFs with automatic investing.3

  • Multiple customer complaints: A sizable number of Trustpilot reviewers report issues with E*TRADE’s interface, services or customer support.4

Great for hands-off investing & robo-advisors: Empower

Empower logo
Fast facts:
  • Minimum investment: $0
  • Account types: Roth IRA, Traditional IRA, Rollover IRA, SIMPLE IRA and SEP IRA
  • Fees: No annual fee; transfer fees may apply, maintenance fees for balances below $100,000
  • Assets available: Stocks, bonds, ETFs and mutual funds
  • Robo-advisor: Yes

  • Why we chose Empower

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    Empower has been in the investing game since the 1890s and has continued to evolve over the years in the retirement planning sector. One of the reasons Empower has become so popular with long-term investors is the passive approach it provides. While Empower offers a Brokerage Roth IRA, its Premier Empower IRA lets you hand over funds to a team of financial experts who consider your goals. These features make Empower an excellent option for those who prefer to "set and forget" their Roth IRA holdings and monitor their performance in one convenient place.

Empower pros and cons

Pros

Pros

  • Low-effort IRA Investing: Empower gives users the option to hand off the task of investing to its expert staff.

  • High-quality online tracker: The Personal Wealth net worth tracker is one of the most intuitive and exhaustive on the Internet.

  • Access to human advisors: Although Empower users robo-advisors, it also has a team of financial advisors you can communicate with.

Cons

Cons

  • High minimum for advisory services: You can invest with Empower at any rate, but you’ll need $100K to access personalized Wealth Management.

  • IRA fees: Whether through the brokerage or managed IRA, there are annual maintenance or advisory fees.

  • Not the best for small account balances: With no tiered pricing for smaller Roth IRAs, the flat management fee eats into returns for those just starting out.

Best for hands-off investing & robo-advisors: Wealthfront

Wealthfront logo
Fast facts:
  • Minimum investment: $500
  • Account types: Roth IRA, Traditional IRA, SEP IRA, and Rollover IRA
  • Fees: Annual advisory fee of 0.25%
  • Assets Available: ETFs, stocks, and bonds
  • Robo-advisor: Yes

  • Why we chose Wealthfront

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    From 2008 until 2024, Wealthfront has become one of the most trusted robo-advisors with over $80 billion AUM.5 One major draw for depositing Roth IRAs into Wealthfront is its transparent and competitive 0.25% annual advisory fee. The tradeoff for getting this ultra-low rate is that Wealthfront doesn't offer the human touch you get with other options like Empower. Still, you get to invest in many diverse ETFs and stocks through Wealthfront's automated portfolios while keeping more of your potential gains. Wealthfront also offers other attractive features like high-yield savings for cash and a bond ladder. Those who don't mind working with a robo-advisor may enjoy the features and low fees Wealthfront offers.

Wealthfront pros and cons

Pros

Pros

  • Automated investing: Wealthfront builds and manages diversified portfolios tailored to your risk tolerance.

  • User-friendly platform: Wealthfront is easy to navigate and has a well-reviewed app on iOS and Android.

  • Attractive flat fee: The 0.25% advisory fee is one of the most competitive for managed IRAs.

  • Bonus yield options: With a Wealthfront account, you could take advantage of high-yield savings and bonds alongside your IRA investment.

Cons

Cons

  • No human advisors: Since Wealthfront is a robo-advisor, you have to rely on ticketed support.

  • Not ideal from tax perspective: One of Wealthfront’s key features — tax-loss harvesting — only applies to Traditional IRAs.

  • $500 minimum: While not extreme, the $500 opening cost may be prohibitive when compared to platforms without opening costs.

Great for banking integration (Bank of America): Merrill Edge

Merrill Edge logo
Fast facts:
  • Minimum investment: $1,000
  • Account types: Roth IRA, Traditional IRA, Inherited IRA, Rollover IRA, SEP IRA and SIMPLE IRA
  • Fees: $49.95 IRA closeout fee
  • Assets available: Stocks, ETFs, mutual funds, options, bonds, and fixed income
  • Robo-advisor: Yes

  • Why we chose Merrill Edge

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    For those with a Bank of America (BofA) account, Merrill Edge is probably the most convenient way to get started with a Roth IRA. Since Merrill Edge is a part of BofA, it's simple to link accounts and transfer money into a retirement account (and take advantage of the Preferred Rewards program!).

    But beyond the convenience factor, Merrill Edge has a few positive features in its own right. Merrill Edge members enjoy a wide range of investments (stocks, ETFs and mutual funds) and low trading fees. Plus, you don't have to opt for self-directed investing. Merrill Edge offers the robo-advisor Merrill Guided Investing if you'd prefer to offload the responsibility of ETF picking.

Merrill Edge pros and cons

Pros

Pros

  • Seamless BofA integration: Merrill Edge links with Bank of America accounts so you get a unified view of your banking and investing.

  • Competitive fees: With $0 stock and ETF trades, Merrill Edge offers low-cost investing for your Roth IRA.

  • Preferred rewards: BofA customers enjoy extra perks like bonus credit card rewards and discounted loan rates.

  • Robo-advisory service: Merrill Guided Investing offers an optional hands-off approach to IRA investing.

Cons

Cons

  • Some IRA fees: While Merrill Edge has competitive rates, there are IRA closeout and transfer fees to consider.

  • No fractional shares: Currently, you have to buy whole shares of stocks if you’re investing on Merrill Edge.

  • Poor Trustpilot score: Over 80% of reviewers give Merrill Edge 1-star on Trustpilot, often citing issues with transfers or customer service.6

Best for banking integration (Ally Bank): Ally Invest

Ally Invest logo
Fast facts:
  • Minimum investment: $100
  • Account types: Roth IRA, Traditional IRA, Rollover IRA and SEP IRA
  • Fees: $50 IRA closeout fee may apply, various transfer fees
  • Assets available: Stocks, ETFs, mutual funds and fixed income products (e.g., bonds and CDs)
  • Robo advisor: Yes

  • Why we chose Ally Bank

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    Ally Bank is steadily becoming a financial "ally" for many digital natives thanks to its intuitive app and wealth of offerings like checking, savings and credit cards. Whether you're already a member of Ally or not, you could use this platform's brokerage (aka Ally Invest) to open a Roth IRA. From stocks and ETFs to mutual funds and options, plenty of assets are available to Ally Invest members at either no or low fees. Ally also has an automated portfolio with a minimum of $100 for hands-off IRA investing. Whatever option you opt for, Ally Invest offers a user-friendly and cost-conscious choice for those considering a Roth IRA.

Ally Bank pros and cons

Pros

Pros

  • Integrates with Ally’s ecosystem: People who use Ally Invest also get access to a full financial suite, including high-yield savings, credit cards, and checking.

  • Robo-advisory offering: Investors have the option to automate their investing with Ally’s robo-advisory service.

  • Low fees: There are zero commissions for stocks and ETFs, as well as zero annual fees for IRAs.

Cons

Cons

  • Some IRA fees: Ally Invest charges closeout and transfer fees, so review these costs before opening an IRA.

  • No fractional shares: You can’t buy percentages of stocks with an Ally Invest account at this time.

  • No advanced tools: While Ally Invest is easy-to-use, it won’t supply traders with technical analytics or extensive order types.

Great for beginners: SoFi

SoFi logo
Fast facts:
  • Minimum investment: $50
  • Account types: Roth IRA, Traditional IRA, SEP IRA and Rollover IRA
  • Fees: Closing and transfer fees
  • Assets available: Stocks, ETFs, mutual funds, alternative assets and IPOs
  • Robo-advisor: Yes

  • Why we chose SoFi

    +

    Interestingly, SoFi started in 2011 as a student loan refinancing company. While this digital platform still offers help for students, it has since evolved into a comprehensive personal finance platform offering everything from banking to investing. For Roth IRA investors, SoFi stands out for its mobile-friendly UI/UX and commission-free stock and ETF trading. Another reason SoFi is great for beginners is it offers a free 30-minute session with a SoFi Financial Planner. Anyone just getting started with investing will find plenty of resources to easily open and fund their Roth IRA on SoFi.

SoFi pros and cons

Pros

Pros

  • Access to financial advisors: One differentiator for SoFi is a complimentary call with a certified personal finance expert.

  • Robo-advisor option: If you don’t feel comfortable using SoFi’s brokerage, you can open a robo-advisor account with your Roth IRA.

  • Bonus features and banking: People who join SoFi instantly get access to other unique financial opportunities, including alternative assets and high-yield savings.

Cons

Cons

  • Limited advanced tools: SoFi has a lot of resources, but they’re more geared for beginners rather than active traders.

  • IRA fees: While not the most expensive, SoFi does charge for account transfers and IRA closures.

  • Inactivity fee: Unlike many competitors, SoFi charges an inactivity fee if you don’t open your Invest account once every six months.

Great for beginners: Stash

Stash logo
Fast facts:
  • Minimum investment: $5
  • Account types: Roth IRA, Traditional IRA
  • Fees: $3 or $9 monthly subscription
  • Assets available: Stocks and ETFs
  • Robo-advisor: No

  • Why we chose Stash

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    Like SoFi, Stash is a mobile-friendly financial app designed with beginners in mind. While Stash doesn’t have as many features or assets, it’s a convenient choice for those who want a no-fuss way to open a Roth IRA and get started saving. One area where Stash distinguishes itself is with its predictable monthly subscription model, which takes the guesswork out of how much you’ll be paying each year on your IRA. For this subscription, you could buy stocks and ETFs directly (including fractional shares) or use a robo-advisory service. As a perk, Stash also offers an optional “stock-back” debit card where you get a kickback in company shares every time you spend.

Stash pros and cons

Pros

Pros

  • Low minimum plus fractional shares: You only need $5 to start investing on Stash, and you can put your money to work in many companies thanks to fractional shares.

  • Automated investing option: Stash also has an automated investing feature to take the guesswork out of picking assets.

  • User-friendly design: Reviewers on both the App Store and Google Play have high praise for Stash’s mobile app.

Cons

Cons

  • Monthly subscription: Although Stash’s subscription model is transparent, it may not be as cost-effective as other brokers.

  • Fewer asset choices: There isn’t as much room for diversification on Stash since it only offers stocks and ETFs.

  • Limited research tools: Stash's platform is geared towards simplicity and may lack the in-depth research and analysis tools experienced investors want.

Are all IRAs the same?

While all IRAs come with tax advantages, they don't all operate in the same way. Some accounts like the Roth IRA let you invest with after-tax dollars to enjoy tax-free withdrawals, while products like Traditional IRAs allow you to deduct taxes on contributions. Consider a few key factors when evaluating different IRA plans to figure out what works best for your expected earnings before and after retirement:

  • Taxation of contributions or withdrawals: With accounts like Traditional IRAs, you enjoy pre-tax contributions, reducing your taxable income as you build wealth. However, Roth IRAs require after-tax contributions, so you pull money after retirement without paying income tax.  
  • Eligibility and income limits: Certain IRAs have income restrictions that may prevent higher-earning individuals from contributing directly. For example, the IRS doesn't allow people to open a Roth IRA if their wages exceed the latest Modified Adjusted Gross Income (MAGI) threshold.7
  • Required minimum distributions (RMDs): Some IRAs like Traditional and SEP require holders to start taking withdrawals at age 73 (for those born between 1951 and 1959) or age 75 (for those born in 1960 or later). By contrast, Roth IRAs don't have this requirement, making them more attractive for people focused on maximizing estate planning.

Roth IRA vs IRA

"IRA" is short for "Individual Retirement Account" and refers to the broad category of tax-advantaged vehicles used for long-term savings. A Roth IRA is a specific type of IRA that lets people who meet the IRS's income thresholds contribute to investments every year with after-tax dollars. The benefit of a Roth IRA is that contributors get to take withdrawals after retirement age without paying income tax.

Which Roth IRA account is right for you?

Every broker who offers Roth IRAs gives you a way to enjoy tax-advantaged investing, but they don’t appeal to the same types of clients. Be sure you know where each broker excels and whether their features meet your retirement desires.

IRA company
Who is it for and why?
Interactive Brokers
Experienced traders who prioritize low fees, access to global markets, and advanced tools. 
TradeStation
Active and self-directed traders who need powerful technical tools like charting, backtesting, and automation.
tastytrade
Proactive traders who are involved in markets like options and frequently use complex strategies. 
Fidelity
Excellent for long-term savers who want access to diverse investments and strong customer support. 
E*TRADE
Good for a broad investor base with its research tools and both self-directed and managed options.
Empower
Anyone who wants to take advantage of personalized financial guidance and managed investment options plus long-term tracking tools.
Wealthfront
Hands-off investors who are comfortable trading off customer service for the low fees of automated investing. 
Merrill Edge
Bank of America customers who want integrated banking and investment services.
Ally Invest
Cost-conscious investors who want low-fee self-directed trading and a straightforward robo-advisor option. 
SoFi
Mobile-first investors looking for a user-friendly platform with low fees, educational resources, and access to financial planners.
Stash
Good for beginners who want a simple subscription service with stock and ETF exposure.

Know before you invest

It's easy to get confused by tons of details when picking the "perfect" Roth IRA platform. Trust me, I've been there. However, one way I've found that makes it easier to figure out what Roth IRA provider is a good fit is to focus on fees, features, and flexibility. Let me explain:

  • Fees: One of the main draws of opening a Roth IRA is to save money on taxes. So, paying a ton in fees threatens this investment vehicle's core purpose. While some fees are unavoidable, you might want to consider going with the cheapest option on all fronts, which includes trading fees for active management, advisory fees for robo-advisors, and service fees like maintenance or transfer. 
  • Features: The types of tools you want out of your brokerage will depend on how active you're going to be. For instance, swing traders might concentrate on platforms offering plenty of technical analysis and charting tools. More passive investors will likely want user-friendly features like goal tracking and automated contributions. The proper set of features for your preference can make this experience smooth.
  • Flexibility: Some investors don't like feeling locked into one investment style or limited fund choices. The freedom to build your own portfolio with ETFs, stocks, and even options is important for some investors. Not all platforms offer that level of control. It's important to know going into a brokerage how many choices you have and whether you're comfrotable with the range of possibilities for your portfolio. 

Methodology

At Moneywise, it's our goal to help our readers make the best financial decisions for their unique situations.

When creating this list of the best Roth IRAs, we considered factors like ease-of-use, fees, features, and available investments. The companies on our list didn't influence their inclusion or position in any way. Rather, this list reflects the research and views of our editorial team and author.

There are still plenty of other companies and brokers with Roth IRAs, but we believe these are the current best options on the market.

FAQs

  • Which Roth IRA is the best?

    +

    The best Roth IRA depends on your preferences and financial goals. First, figure out whether you want to take a hands-off or active approach, then look into each platform’s features and fees to make a decision.

  • Can I lose my Roth IRA if the market crashes?

    +

    Your Roth IRA's value will likely decrease in a broad market sell-off, but you won’t lose it completely unless every investment drops to zero.

  • Does Dave Ramsey recommend Roth IRAs?

    +

    Dave Ramsey recommends Roth IRAs in retirement savings plans for the tax benefits they offer at withdrawal.8

  • What is the rich man's Roth IRA?

    +

    The rich man’s Roth IRA is a strategy of buying a life insurance policy called an Indexed Universal Life (IUL) policy to avoid the contribution and income limits on a traditional Roth IRA.

Eric Esposito Freelance Contributor

Eric Esposito is a freelance contributor on MoneyWise with an interest in financial markets, investing, and trading. In addition to MoneyWise, Eric’s work can be found on financial publications such as WallStreetZen and CoinDesk. When not researching the latest stock market trends, Eric enjoys biking, walking his dog, and spending time with family in Central Florida. Eric holds a BA in English from Quinnipiac University.

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