Best Places to Open a Roth IRA

Do you know what your income tax rate will be in the future?

The answer to that question is key to your retirement planning. If you think your tax rate will be lower in the future then it makes sense to avoid paying tax now through a tax-deferred investment vehicle like a Traditional IRA.

Best places to open roth ira

But with a mounting national debt, many people believe personal income tax rates will eventually be forced to increase.

Even if the national debt somehow gets taken care of, the government doesn’t tend to lower a tax once it is set.

If tax rates are going to go up the best retirement account for you to open if you qualify is a Roth IRA.

You will pay income tax today and never pay income tax on your nest egg again.

Where to Open a Roth IRA

Once you’ve made the decision to open a Roth IRA there are a number of companies that are happy to accept your contributions. The number of options you have can be overwhelming: do you go with a discount broker, a full-service broker, or direct to a mutual fund company?

We’re here to help you cut through the confusion to find the best company to open a Roth IRA with. (Just getting started investing? Check out our Best Online Brokers for Beginners.)
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How Much Does it Take to Open/Start a Roth IRA?

Starting a Roth IRA can easily be the single best choice you’ve made of your entire life.  Well, other than ordering a Double Double from In-N-Out Burger, of course. –if you haven’t tried it, you’ll just have to take my word for it  :)  Maybe you want to open a Roth IRA, but don’t because you think it takes a large chunk of money to get one started.

Open/Start a Roth IRA?

Creative Commons License photo credit: ambert

Guess what? It doesn’t. This is a common misconception that I run into with many investors wanting to get started but thinking they just don’t have enough. I’m here to tell you how easy it is to open a Roth IRA and how a little bit of money can go a long way to receiving tax free money at retirement.

Want to open a Roth? Here’s a list of the best places to start a Roth IRA.

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