Best Places to Open a Roth IRA - YouTube

This is Jeff Rose from goodfinancialcents.com.

I'm here to share with you the best places that you can open up a Roth IRA account today.

Hopefully, you know I love the Roth IRA.

You've seen the Roth IRA movement.

You've seen me bust out my Roth IRA movement skills and you're excited.

You want to start a Roth IRA, but you're just scared because you don't know where to go.

On my blog I have a post that summarizes the best places that you can open a Roth IRA account,

but today I want to share two of my more popular options that will hopefully give you some

encouragement to give you some hope that you can go out and open a Roth IRA account.

Before I share with you the two places I really love where we can open up a Roth IRA, I want

to give you first why I have chosen these.

When you are looking to open a Roth IRA, the two things that are very important are that

you want to find a place that is going to charge you low fees because you don't want

to be ripped off and paying extra fees that are going to eat away at your returns, and

the second thing that you want is good, solid, customer service.

If you have a question or need you want to be able to call that entity or person and

ask them how you can help with your investment situation.

There are plenty of options to open Roth IRAs online.

You've got Scottrade, eTrade, Schwab, ShareBuilder, OptionsXpress, TradeMONSTER.

There are tons of them out there.

The one I want to share with you today is Scottrade.

Scottrade is based out of St. Louis.

That is where their home office is at, which is about 90 miles from my house, and I am

just partial to them.

I called them because I was curious how it works.

I have been in the investment game for 10 years now and I wasn't really familiar with

all the online options.

I called them and was really impressed that they have over 3,000 mutual funds that have

no fees.

They have several ETFs that you can buy with no fees, and they have a toll-free number

that you can call at anytime and they will help you out.

I actually opened an account with Scottrade, which I show you in another video.

I actually walk you through the process.

I funded my account.

The next day I got a call from the local branch manager asking if I needed help maneuvering

through the Scottrade account, how to make my first trade.

For an online option, it was amazing that I got a phone call from a real person that

is actually within driving distance that is willing to help me out.

They are always there for me and always there for you if you open an account.

That is one reason why I love Scottrade.

Not only are they low in fees, but you have the ability to actually walk into a brick

and mortar location and talk to them at no cost or you can call the toll-free number

and they will help you out at any time.

The second option I want to mention is a newer company.

It's a newer start up, but I really love what they are doing especially for the new investor.

This company is called Betterment.

Betterment has been around for a couple of years now.

I was able to meet the CEO at the financial blogger conference last year.

What really impresses me with them is that they've really lowered their fees.

They do have a start-up investment where you have to have at least $10,000 to have a very

low cost, but if you have less than $10,000 then you're only going to pay $3 a month to

have an account.

Three bucks a month, $36 a year is all it cost, and they will buy an ETF portfolio for

you and manage it on your behalf.

You just tell them how aggressive or conservative you are and they will make the changes accordingly.

It really takes you out of the driver's seat and puts all the emphasis on them to make

the investment decisions for you and you can sit back, fund the account on a monthly basis

and know that your money is growing and you don't have to worry about it.

The only thing about Betterment that I don't like is if you want to buy individual stocks,

if you want to have more control in your investments, then that wouldn't be the option for you.

If you do like sitting in the back seat and let Betterment sit in the driver's seat, then

that is a solid option with very low fees.

Those are just two of the options of where you can open up a Roth IRA account online.

Obviously, there are tons out there.

Check out the blog post that summarizes the other options that you can look at.

If you have any questions regarding where to open a Roth IRA, how to open a Roth IRA,

if the Roth IRA make sense to you, go to the blog goodfinancialcents.com and send me a

question.

Hit me up on Twitter or ask me on Facebook, I'll be glad to help you out anytime.

This is Jeff Rose.

Take care.

The opinions voiced in this material are for general information only and are not intended

to provide specific advice or recommendations for any individual.

To determine which investment(s) may be appropriate for you, consult your financial advisor prior

to investing.