Top 5 Individual Retirement Accounts for 2016

An Individual Retirement Account (IRA) is a savings vehicle designed to help you accumulate funds for retirement with various tax advantages. IRAs can be traditional or Roth, each offering unique benefits. Comparing different account options ensures informed choices, allowing you to select investments with low fees and diverse options suited for long-term growth. Here are the leading IRA providers of 2016:

E*Trade
This platform stands out for its wide selection of investment choices, making it a top broker for diversified portfolios.

It offers detailed guidance on IRA rollovers and conversions. New accounts might come with a bonus of up to $600. E*Trade provides access to over 8,000 mutual funds, giving investors ample options to diversify their investments.

TD Ameritrade
This online broker is known for its user-friendly trading tools and platforms, making it easy to access resources needed for effective retirement planning. Their planning tools help set and achieve financial goals.

Scottrade
Recognized in 2016 for exceptional service, Scottrade offers a variety of investment products. Their innovative Flexible Reinvestment Program allows earnings dividends from shares to be reinvested into other stocks without extra charges.

Betterment
Ideal for retirement planning, Betterment provides online tools for portfolio balancing and tax loss harvesting. It features low fees with no rebalancing, transaction, or trade fees, making it attractive for cost-conscious investors.

Wealthfront
As one of the industry’s leading automated advisors, Wealthfront offers features like automatic portfolio rebalancing, tax loss harvesting, and stock diversification, all at a flat fee regardless of portfolio size.

Now that you are familiar with the top IRA options of 2016, select one to manage your contributions and investment strategy effectively, securing your retirement savings.