Funadvice Logo
Post
More Finance, Jobs & Money Questions

Best company for my first IRA?

I’m looking to start an IRA, investment retirement account, and I’d like a recommendation on the best company for this type of financial service. There are so many companies out there - is T Rowe Price any good? I’ve seen their ads, they sound ok. What about Charles Schwab? Also my friend’s dad has been a financial consultant for years, but I think an online brokerage would probably serve me better.

Any advice on this greatly appreciated, I’ve read about so many corporate scandal’s over the years, I’m a bit nervous about putting my money with somebody else. Thanks.

Become an Expert →
Answer #1

Any of these companies you have mentioned are fine to start your first IRA with. Remember to do more research on the types of IRA’s you can get, the penalties, and the benefits. Every person should have their IRA tailored to their lifestyles. An online broker will be more difficult to gain useful information from, but they will be a lot cheaper on fees. Other brokers will give you more attention when you need it, but they do charge you for it.

Decide what is most important for you service or saving money. I would strongly warn you to remember that “it takes money to make money”, and to be wary of where in your life you cut your budget.

More Like This
Ask an advisor one-on-one!
Advisor

Best Debt Consolidation Compa...

Financial Services, Personal Loans, Debt Relief

Advisor

Top 10 Best Debt Consolidatio...

Financial Services, Debt Consolidation Services, Loan Services

Advisor

Best Debt Consolidation Compa...

Financial Services, Debt Consolidation, Personal Finance

Advisor

Best Capital

Finance, Investment, Small Business

Advisor

Best Health Insurance Company...

Seguros de Salud, Seguros Médicos, Seguros de Viaje