Best Companies and Brokers For Opening a Traditional IRA or Roth IRA

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If you are looking for a common and highly effective way to cut your tax bill for this year and/or the next, then consider opening a Traditional IRA or Roth IRA before the IRA contribution deadline (April 15th). The following brokers have great offers for those looking to open or transfer an IRA account in the near future:

IRA Broker IRA Pricing Structure and Features Get More Info
OptionsHouse $4.75 per stock trade
No set up fees, no maintenance fees, no low balance fees, and no annual fees. An incredibly low trading rate and with 100 commission-free trades and up to $125 to cover your transfer fees when you use promo code IRAFREE
OptionsHouse
TD Ameritrade $9.99 stock and option trades
#1 rated stock broker with a range of trading tools and the most commission-free ETFs. Great for educational resources and retirement research. Trade free for 60 days plus get up to $600


E*Trade
$7.99-$9.99 trades
Arguably the most well known discount broker with a one stop trading, banking and research platform. Get up to $600 when you roll over or transfer. Get an action plan in 15 minutes with Retirement Calculator with support from Chartered Retirement Planning Counselors
Etrade IRA account

An IRA (individual retirement account) is your personal savings plan for retirement, offering tax advantages and growth that compounds over time. Unlike employer sponsored 401K plans, where the administration is taken care of by the company, you are responsible for the opening and ongoing management of your IRA account. You can also rollover funds between the different IRA account types as your financial, employment or tax situation changes.

IRA contributions can be made at any time during the year or by the due date for filing your return for that year, not including extensions. For most people, this means contributions for must be made by April 15. Additionally, if you make a contribution between Jan. 1 and April 17, you should designate the (previous) year targeted for that contribution. Otherwise it will count for the current year. You must also be under age 70 1/2 at the end of the tax year in order to contribute to a traditional IRA. Refer to IRS Publication 590, for more information on contributing to your IRA account.

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