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

Ira firms to rollover my account, which ones are the best? - 1 Answers
I'm looking to rollover my ira to another broker. Does anyone have any ideas on which are the best. Td waterhouse bank of ame...
What's the best online trading company? - 2 Answers
I wanted to know which online stock trading company is better and have no maintenence fees and no account minimums. I have he...
When you're a professional pirate you're always in the best o - 1 Answers
When you're a professional pirate you're always in the best of company?
What is the best way to find a job in the Bronx? - 1 Answers
What is the best way to find a job in the Bronx? Are there any fun jobs around that i can do. After college.
What is the best way to make money? - 1 Answers
with an economy this bad, what is the best way to make some money these days?
What companies in Texas hire felons? - 1 Answers
what companies hire felones in lubbuck, TX?
How to make good impression first time meeting an online frie - 1 Answers
How to make good impression first time meeting an online friend?
What are the names of companies who are felon friendly? - 1 Answers
I am a felon and I need to find a job. what are some names of companies who are felon frendly
Trucking companies that will hire DUI offenders. - 1 Answers
More specifically companies that will hire drivers with DUI that is 30 mo old
Brochure designing company in India ?? - 1 Answers
I want to design brochures for my travel company..Do anybody have any past experience with any brochure design company..pleas...

Ask an advisor one-on-one!

Best company for my first IRA?

Best Debt Consolidation Compa...

Top 10 Best Debt Consolidatio...

Best Debt Consolidation Compa...

Best Capital

Best Health Insurance Company...