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Best company to open a Roth IRA with

Posted on 6/12/25 at 4:19 pm
Posted by benoit_BayouBengals
Baton Rouge
Member since Oct 2015
2672 posts
Posted on 6/12/25 at 4:19 pm
Currently looking to transfer all my 401k money into a roth ira. Who should I open a roth IRA account with. I have a brokerage account with robinhood right now and saw that they have a roth ira but I'm sure there are better companies for that. Looking for a good app interface too.

Thanks in advance.
Posted by tigersmanager
Member since Jun 2010
8932 posts
Posted on 6/12/25 at 4:43 pm to
I use fidelity would say them or vanguard
Posted by makersmark1
earth
Member since Oct 2011
20042 posts
Posted on 6/12/25 at 4:44 pm to
You may need to rollover into a traditional IRA and then convert to a Roth.

I don’t think you can roll a standard 401k into a Roth without paying taxes.

Fidelity or Schwab are good.
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
10687 posts
Posted on 6/12/25 at 4:44 pm to
Schwab or Fidelity.
Posted by TigersHuskers
Nebraska
Member since Oct 2014
14400 posts
Posted on 6/12/25 at 5:05 pm to
Fidelity
Posted by TigerintheNO
New Orleans
Member since Jan 2004
43944 posts
Posted on 6/12/25 at 7:58 pm to
I am happy with Fidelity
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
71482 posts
Posted on 6/13/25 at 8:36 am to
People are very down on robinhood here overall here due to the whole fiasco from a few years back with meme stocks but I've used them for a long time now and think the perks on transferring retirement accounts in (3% match on the amount transferred if gold member) and the match they provide on new IRA contributions (3%) is pretty awesome

$7k/year matched at 3% is $210 extra into the IRA (And yes it's on top of your $7k contribution)

IF you have a fairly large 401k to transfer in 3% match will go a long way there too

I have an old ROTH IRA at etrade I'm contemplating transferring in which has about $15k in it. Would be another $450 they would match on that transferring it in
This post was edited on 6/13/25 at 8:38 am
Posted by HC87
Coastal NC
Member since Dec 2014
5435 posts
Posted on 6/14/25 at 6:51 am to
Some other good choices have been mentioned, but also check out Janus Henderson.
Posted by MyRockstarComplex
The airport
Member since Nov 2009
4852 posts
Posted on 6/15/25 at 8:13 am to
I hear the Stanford Group has some unbeatable rates for their CD’s
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2886 posts
Posted on 6/16/25 at 12:14 pm to
Robinhood for the match
Posted by Nole Man
Somewhere In Tennessee!
Member since May 2011
8575 posts
Posted on 6/16/25 at 1:03 pm to
Been with Fidelity for many years. Highly recommend.
Posted by SG_Geaux
Beautiful St George, LA
Member since Aug 2004
80135 posts
Posted on 6/19/25 at 8:53 pm to
No complaints about Vanguard
Posted by LoneStar23
USA
Member since Aug 2019
5780 posts
Posted on 6/20/25 at 6:41 am to
Robinhood for the match. Fidelity if you're a boomer who "doesn't trust Robinhood"
Posted by ynlvr
Rocket City
Member since Feb 2009
5268 posts
Posted on 6/20/25 at 7:20 am to
Does fidelity allow IRA investment in bitcoin etf like IBIT. Vanguard does not if I recall.
Posted by 385 Tiger
Member since Jan 2009
289 posts
Posted on 6/20/25 at 10:16 pm to
What is the limit and what is the hold period before you can transfer out?
Posted by tigersmanager
Member since Jun 2010
8932 posts
Posted on 6/20/25 at 11:45 pm to
Yes you can
Posted by stewie
Member since Jan 2006
4023 posts
Posted on 6/21/25 at 7:02 am to
quote:

Robinhood for the match. Fidelity if you're a boomer who "doesn't trust Robinhood"


Only a fool would trust Robinhood after that they pulled with GameStop.
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2886 posts
Posted on 6/21/25 at 8:44 am to
Maybe, but seems like I'd be the bigger fool to pass up 10s of thousands (plus growth) just to spite RH. I'm a buy and hold index investor. Don't see how pay for order flow is gonna affect me much.
I dont recall exact terms but to get/keep match you need to keep it there a few yrs and pay for their gold membership for first year. I have no reason to leave unless someone offers a better transfer incentive later.
Posted by Robcrzy
Mandeville
Member since Nov 2007
975 posts
Posted on 6/21/25 at 1:53 pm to
I have a self directed Roth IRA on Sofi it outperforms robo IRA on platforms
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