The Best Roth IRA Plans

A Roth IRA is one of many retirement savings options.
A Roth IRA is one of many retirement savings options. (Image: Comstock/Comstock/Getty Images)

A Roth IRA allows your retirement savings to grow tax-free. Another major advantage of a Roth IRA is that it offers you different investment options. Opening a Roth IRA gives you the flexibility of investing in stocks, bonds, mutual funds or certificates of deposit. If you decide to invest in stocks, open your Roth IRA account with a discount brokerage firm that has an established reputation within the industry.


E-Trade is a discount brokerage that offers full scale banking services, including checking and savings accounts. These services allow you to bank with the same financial institution where you hold investments. E-Trade requires no minimum balance for Roth IRA accounts and charges no maintenance fees. A well-known discount brokerage firm, E-Trade offers a diverse choice of investment products including options, futures, mutual funds and bonds, exchange-traded funds and equities. Wireless account access, investment planning tools and quick transfer are other valuable features. E-Trade’s Retirement QuickPlan helps you create a personalized retirement plan.


Scottrade offers a network of branch offices located in most states. Scottrade charges no annual maintenance fees for Roth IRA accounts. The use of advanced technologies has helped Scottrade hold its place as a leader in the stock brokerage industry for more than 25 years. Access to online statements, live webinars, real-time streaming quotes and Dow Jones real-time news are just some of the other free services Scottrade offers to investors.


TradeKing has acquired a reputation ranking it as one of the best in customer service. In fact, SmartMoney Magazine ranked TradeKing No. 1 for customer service in 2008 and 2010. TradeKing offers research tools and a social networking community where investors can share trading tips. The firm specializes in options trading along with stock and mutual fund investments. TradeKing requires no minimum balance investment to open a Roth IRA account.


ShareBuilder is owned by ING Direct, which allows you to link your ING Direct online savings account to your ShareBuilder brokerage account. This online discount brokerage firm offers inexpensive automatic stock trades at $4 or less. ShareBuilder charges no annual fees and requires no minimum balance for a Roth IRA account. The brokerage also offers a free Dividend Reinvestment Plan and automatic investment options, which beginner investors may find helpful. You can schedule your investments on a weekly, bi-weekly or monthly basis.

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