Ask The Expert: Investments

Q: I would like to open an IRA. What company should I go with?
See other answers from this expert. 42 out of 129 people found this useful.
A:

There are literally thousands of companies that you can open an IRA with so it tends to be a personal decision. It might be easiest to go with an investment firm that you already have an existing relationship with.

Otherwise, consider firms that have 1) low-cost funds, 2) a wide selection of investment options and 3) good customer service. I would consider E*Trade or Vanguard in particular.

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Important IRA Information

Each year, the IRS updates the rules for Traditional IRAs. Here are all the details for 2015: