Our deep, independent analysis of IRAs sorts through key account details to find and evaluate the information investors want when choosing an IRA account. To see our full methodology and learn more about our process, read our criteria for evaluating brokers and for evaluating robo-advisors.
Over 60 investment account providers reviewed and rated by our expert Nerds.
More than 50 years of combined experience writing about finance and investing.
Hands-on testing of the account funding process, broker websites and stock-trading platforms.
Dozens of objective ratings rubrics, and strict guidelines to maintain editorial integrity.
When choosing an IRA, you want to consider factors like investment selection, retirement planning tools, customer service and educational resources. Recently, more and more IRA accounts have been offering to match your own contributions up to a certain amount, which may also weigh into your decision.
This year we chose Charles Schwab as the best IRA provider thanks to its large selection of types of IRAs, excellent retirement planning tools and low fees — but that may not make it the best option for you. Our list of the best IRAs includes two different types of IRA accounts: Online brokers and robo-advisors. Here’s a breakdown of how they differ (apart from the additional legal disclosures robo-advisors require):
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Choose and manage investments yourself. |
Investments are chosen and managed for you based on your goal and other factors. |
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Varies, but typically 0.25% of your account balance. |
Good to know: If you’re opening an IRA account for the first time, the process typically takes just 15 minutes and requires basic information, such as your name and bank account number. If you already have an IRA but you’re searching for better options, switching IRAs is relatively easy: You can transfer your funds to a new provider, often without selling your investments. This is called transferring your IRA investments in-kind.
