Investing in an Individual Retirement Account, or IRA, is definitely one of the wisest things that you can do while you are still employed. This is a kind of retirement plan which will serve as your income replacement in the future, which allows us to enjoy profits. Investors need to carefully choose the kind of investments that they will get themselves into, and they have to make sure that they choose to invest according to their risk tolerance, and not just to those investments that have highest IRA rates.
Many investors prefer to invest in a Roth IRA, because of its tax advantages. Finding the kind of investments that offer the best Roth IRA rates is really essential, so one can get the most benefits from their funds. However, those who are conservative enough and are not willing to take risks may choose to invest in certificates of deposit instead, though the IRA CD rates are not as best and they may not keep up with the expected inflation.
Choosing the Best IRA Providers
In order to maximize your profitability, it is really important for you to find the best IRA companies or providers where you will entrust your funds with. Opening an account with those providers that offer the lowest transaction fees and commission rates is a wise thing to do, and this is a good way to minimize your investment costs and expenses. Through this, you can maximize your profitability in the future.
The 2 top IRA brokerage firms we’ve found with the lowest fees are:
Tradeking Brokerage Firm
One of the most popular brokerage firm that offers the best customer service at a cheapest transaction fee is TradeKing. TradeKing is well-known to make their customers feel like “kings”. They are one of the most famous brokers in the industry when it comes to giving the best service to customers. As a matter of fact, they are often rated as the number one brokerage firm when it comes to customer service by the SmartMoney magazine.
TradeKing also offers reasonable rates. They charge $4.95 per share for stock trades, and $4.95 plus $0.65 per contract for trading options. Thus, with TradeKing, we can get the best of your investments. They also offer the best trading tools for free, and their innovative trading network allows the investors to learn from the experts.
Open you IRA with TradeKing now.
Zecco Brokerage Firm
{Zecco is now become part of TradeKing} Another recommended brokerage firms that offer the best IRA rates at lowest fees is Zecco. Zecco only charges $4.95 for stock trades, and $4.95 plus $0.65 per contract for options trades. This is one of the cheapest rates that we could find. In addition, they also offer the best trading tools for free. They feature steaming real-time quotes, interactive advanced charting, sophisticated stock and options screeners, options strategy builders, and custom stock and market alerts.
In addition to the best trading tools and cheapest rates, Zecco offers the best customer service as well. They have a built-in “Help content”, which is ready wherever or whenever the customers will need such. They also offer fast response time on phone calls, including emails. They are also available for live chat. They also have an online investing community to validate strategies — a new investor can get ideas and learn from the expert ones.