Find out if you're eligible. First, find out if you're eligible. Decide where to open your account. Once you've determined your eligibility and contribution amount, you'll need to decide where to open your Roth IRA.
To determine which IRAs are the best overall, Select reviewed and compared more than 20 different accounts offered by national banks, investment firms, online brokers and robo-advisors. While there are several types of IRAs on the market, such as traditional IRAs, Roth IRAs, SEP IRAs and SIMPLE IRAs, we decided to focus solely on traditional IRAs for the purposes of this classification. We rank the best IRAs based on the type of investor you are, from beginner to experienced, as well as practical and non-interactive investors. We also include the best overall selection.
For many people, transferring to an IRA is the best option, since IRAs tend to have a wider range of investment options and lower fees than many 401 (k).