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Where to Go to Open an IRA

Opening an IRA is a great first step toward achieving financial independence and a successful retirement, but knowing where to open IRA accounts can be difficult. Your IRA is a long term commitment, so you want to be sure you make the right choice. There are a number of options available to you, but knowing where to open IRA accounts can give you what you need to make the best decision. These are some of the most popular options.

Fidelity

Fidelity is one of the most reliable and trustworthy online sources to open a traditional or Roth IRA. Fidelity offers a number of helpful articles, and consistently helpful staff members that can help you plan for your future. The company also features a great planning tool that helps you diversify your portfolio and gradually shift away from risk as your retirement approaches.

T. Rowe Price

T. Rowe Price is one of the biggest names in personal investment. The company's products are available entirely online, and if you need other investment options T. Rowe Price offers mutual funds, 401(k) plans and many other choices.

Vanguard

Vanguard is another major player in the world of online investment management. Vanguard employs a reliable staff of professional financial advisers, so you are always comfortable making good decisions for your financial future.

Your Local Bank or Credit Union

If you are not comfortable opening an IRA online, you can pursue the option at a local bank or credit union. The downside is you might not have access to the same level of digital management, but you get a more personal experience.

When you're ready to open an IRA, these are some of the best options available to you. Opening an IRA is the first step to reaching your long term financial goals. Invest regularly, diversify your IRA holdings and look forward to reaching age 59 and a half.

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