Housing your funds in an IRA or Individual Retirement Account is an excellent way to diversify your investment portfolio. And once you stumble upon a good rate, many financial institutions will permit you to lock in such interest rate for up to five years. Therefore, even if the rates of interest plummet, your money is secured for that particular term. But, when selecting an IRA, it’s most beneficial to shop the current competition. This is for the reason that many companies will advertise promotional rates that will hand over high APYs on IRA accounts.
Best IRA Companies
If you are planning to trade stocks in your IRA, you need to be aware of the IRA commissions and transactions fees because they will eat away at your investment returns. Here is our top recommended IRA companies:
TradeKing is an online broker providing low flat trading fees with no minimum account requirements and no hidden fees. TradeKing online brokerage accounts offer easy-to-use investment tools with low flat trading fees and no minimum account requirements.
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