Where To Open A Roth IRA (3 Best Places For New Investors)

Opening a Roth IRA will make you a tax-free millionaire for just a couple hundred dollars a month.

Roth IRAs are incredible easy to open and offer powerful benefits to investors. But I get asked often where is the best place to open one? I'm covering three of my favorite options for option a Roth IRA in this video.


🏦 Vanguard Roth IRA Pros:
----- Very reputable financial company
----- Amazing low fee funds
----- High performing investment options
----- Lots of educational resources
----- Owned by the investors

🏦 Vanguard Roth IRA Cons:
----- Funds do have fees even though they are very low
----- Some funds have higher minimums to purchase ($1,000-$3,000+)
----- UX (user experience) is dated and can be hard to figure out
----- Can't buy fractional shares of stocks or ETFs in Roth IRAs

🏦 Fidelity Roth IRA Pros:
----- Reputable company with good history
----- Platform is easier to use and better designed than Vanguard
----- Cheaper fees and lower minimums on many funds
----- Offers zero fee mutual fund options
----- Lots of educational resources to learn
----- Allows you to purchase fractional shares
----- Options for self-directed/DIY or advisor helps

🏦 Fidelity Roth IRA Cons:
----- Fees for advisor help are higher

🏦 M1 Finance Roth IRA Pros:
----- Amazing robo-advisor technology
----- Easy to use and beautiful platform on web and app
----- No fees for investing
----- Easy rollovers (with bonuses for switching too)
----- Ability to purchase fractional shares

🏦 M1 Finance Roth IRA Cons:
----- Company is newer and was just founded in 2016
----- There is a $500 minimum to start
----- Now charges $3 per month under $10K balance

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RECOMMENDED:

BANKS & CARDS:

BUDGETING:

CASH BACK APPS:

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CONTACT ME:

Mary
P.O. Box 240981
Memphis, TN 38124

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**The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time. I am not a professional and this channel is for entertainment purposes only. Do your own research!!

*Affiliate links. I get commissions for purchases you make through links shown here. It doesn't affect your purchase in any way and the commissions help support this channel. I only recommend items I personally use and appreciate the opportunity to share.

[mike]

Just got my first full time job. I started contributing to my 401k and max my ira this year. SO worth it

[Practice_Kindness-st]

When I was in my early 20's, my grandmother had me open a Vanguard account, and I've been a client ever since! Their low expense ratios can't be beat!

[Jessics]

You are the reason I started a M1 and Roth account 2-3 years ago. I haven't put as much as I should into it but every little bit helps.

[aestheticiantrishmccarty]

Thanks for the video! I’m leaving my job in the future and will be taking a job without a 401k. It will be better for my family and mental health so it’s worth the loss and needed to know what to do once I leave!

[PierceJPeterson]

Roth IRAs are AMAZING! Just buy & hold passively managed index funds and ETFs within one and you are golden 💪🏻

[QuesttoFIRE]

I have my Roth in M1, but I love fidelity too!🙌🏻🔥

[andezerasion]

Very nice information thanks happy new year.

[leonvaldez]

My biggest question is can I open multiple Roth IRA accounts under different companies (1 with Fidelity, 1 with M1Finance) ect? I want to be diverse with my investments to make sure I am taken care of in the future.

[selabitariho]

Can you ope more than one Roth IRA through different investors or different banks or companies?

[iFOMO]

Im a college student just learning about ROTH IRA. Its seems like the idea is not how much you invest into the fund but to start doing it as soon as possible because it takes time for the money to compound? I cant decide between Vanguard and fidelity haha

[NorthwoodsShooter]

I love Vanguard. Great video, thank you!

[marknajar]

What about the dividends from the Roth IRA, are they also tax free? How do you reinvest the dividends from a Roth IRA?

[virginiacastile]

Do you recommend going through a financial advisor if I'm not very knowledgeable about stocks, bond or mutual funds? I'm not sure I would know which areas to contribute.

[sandrafromscotland]

I hope this grows into an evergreen video for you 🌱🌲

[fanech]

The best reason to invest money in Vanguard & Fidelity ira is they have the highest interest 4.75-5 percent.why everyone go around the bush.

[alhbbr]

I’m catching up on all of your videos tonight 🙃 any tips on savings/investment accounts for children?

[FunandBudget]

2022 - I really do need to make opening a backdoor ira a for real for real goal

[srivera]

Thank you thank you thank you!! For this video!(:

[finnhar]

Whats the max amount of money you can put in to start a roth ira

[MeirPamela]

I am 53 and retired at 50. One thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collaborative efforts in the fund my estate planner has me invested in. I do not work.