Best Robo-Advisor IRA Platforms
An Individual Retirement Account -IRA- is a tax-advantaged investment vehicle that helps you reach your retirement goals. This can be used in conjunction with a company sponsored 401(k). I would recommend you are putting enough into your 401(k) to get your company match it available before opening your IRA account.
So what type of IRAs are there? The two most popular are below.
A Traditional IRA can be your choice if you are looking to lower your taxable income. You may deduct all of your contributions and will not have to pay taxes on it until you withdraw the money for retirement.
A Roth IRA has contributions that are already taxed so you will be able to withdraw all contributions without taxes or penalties.
Additionally, if you prefer to go it alone check out The Boring Retirements page on self directed IRAs here.
All of the included IRA platforms below are fantastic choices. When it comes to picking one of these three, it’s all personal preference. I would recommend checking out each sites research and planning tools to truly decide what is right for you! They all have pre-made portfolios that can be used on your path to retirement.
I personally prefer M1 finance because of the limitless customization possibilities of stocks, ETFs, and REITs.
Please see below for all links to institutions.
*I may receive compensation if you visit partners I recommend below.
Institution Account Minimum Pros Cons
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$500 -No annual fees
-Near unlimited portfolio customization including more than 60 pre built
-Portfolio rebalanced every time funds are deposited or withdrawn
-Individual stock options
-Some REIT and ESG options-Goal planning leaves a lot to be desired
$500 -Daily tax-loss harvesting
-Automatically managed portfolios that can be sorted by risk
-Automatic rebalancing when assets veer from target
-Some REIT, ESG, and crypto options -0.25% account fee
-Individual stock options only available after $100,000
$0
$10 to start-Tax-loss harvesting
-Automatic account rebalancing when assets move 3% off target
-Monthly goal progress available
-Some ESG and crypto options -0.25% account fee
-No individual stock options
