Best IRA Accounts of

What Are IRAs?

Individual Retirement Accounts (IRAs) are investment accounts designed to help you save for retirement with valuable tax advantages. They allow you to invest in assets such as stocks, ETFs, mutual funds, and bonds—all within a framework that encourages long-term growth and financial security. Unlike regular brokerage accounts, IRAs are structured to help you build wealth for the future while reducing your tax burden today or in retirement, depending on the account type.

What Can You Invest In?

Most IRAs offer access to a wide range of investments, including stocks, ETFs, mutual funds, bonds, and CDs. Some providers even support alternative assets like real estate or cryptocurrencies within self-directed IRAs. With the flexibility to choose your own investments or use automated portfolios, you can tailor your IRA to match your personal goals, risk tolerance, and timeline.

Key Features to Compare

Not all IRA providers are the same. When choosing where to open your account, it’s important to compare features, fees, and investment options. Here are common factors investors look for:

• Low or no account fees – Keep more of your returns with minimal maintenance costs.
• Roth and Traditional IRA options – Choose tax-free growth now or tax-deferred savings for later.
• Automated investing – Let robo-advisors handle asset allocation and rebalancing for you.
• Diverse investment choices – Access a broad range of funds, ETFs, and securities.

Why People Use IRAs

IRAs are popular because they combine flexibility with long-term benefits. You can invest on your own schedule, make recurring contributions, and grow your savings with tax advantages. Whether you’re self-employed, between jobs, or supplementing an employer-sponsored 401(k), an IRA offers a convenient way to take control of your retirement planning.

Benefits for New and Experienced Investors

IRAs are ideal for both beginners and seasoned investors. New savers benefit from low minimums and automatic contributions, while experienced investors can take advantage of diversified portfolios, strategic asset allocation, and potential tax optimization. Some platforms also offer personalized guidance or managed portfolios to simplify retirement planning even further.

How to Choose the Best IRA

The best IRA for you depends on your needs and financial goals. Consider whether a Traditional IRA (tax-deferred growth) or Roth IRA (tax-free withdrawals) is right for your situation. Look at fees, investment choices, account management tools, and customer support. Some platforms focus on simplicity and automation, while others cater to hands-on investors who want complete control.

Next Steps

Compare the top IRA providers to see which one fits your goals and investment style. Once you find the right match, opening an IRA usually takes just a few minutes online. With the right account in place, you can start building a secure, tax-advantaged foundation for your retirement—one contribution at a time.

Disclaimers

SoFi: INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA (www.finra.org) / SIPC (www.sipc.org). Terms and conditions apply*. For 401k rollovers, existing SoFi IRA members must complete 401k rollovers via this link For SoFi members without a SoFi IRA, a SoFi IRA must first be opened, and 401k rollover must be completed utilizing Capitalize via this link. SoFi and Capitalize will charge no additional fees to process a 401(k) rollover to a SoFi IRA. SoFi is not liable for any costs incurred from the existing 401k provider for rollover. Please check with your 401k provider for any fees or costs associated with the rollover. For IRA contributions, only deposits made via ACH and cash transfer from SoFi Bank accounts are eligible for the match. Click here for the 1% Match terms and conditions.

Exchange Traded Funds (ETFs) may have their own management fees paid directly by the fund. Please consider these fees and objectives in the fund’s prospectus before investing.

SoFi Plus members can schedule an unlimited number of appointments with a financial planner during periods in which the SoFi Plus member meets the eligibility criteria set forth in section 10(a) of the SoFi Plus Terms and Conditions. SoFi members who are not members of SoFi Plus can schedule one (1) appointment with a financial planner. The ability to schedule appointments is subject to financial planner availability. SoFi reserves the right to change or terminate this benefit at any time with or without notice. Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov.

Robinhood: *Options trading entails significant risk and is not appropriate for all investors. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Certain complex options strategies (including multi-leg) carry additional risk and complexities including the potential for losses that may exceed the original investment amount.

¹Not a recommendation to transfer or rollover. A rollover is an important decision.

¹A rollover is not your only option for an old 401(k). You generally have 4 options for what you can do with a 401(k) from a former employer. There are pros and cons to each that you should consider. This isn’t tax advice. Consult a tax professional to understand your unique situation. For more information, please visit Robinhood’s Help Center or FINRA’s site.

²The 3% matching on contributions requires a subscription with Robinhood Gold ($5/mo) and customers must stay subscribed to Gold for 1 year after your first Gold match to keep the full Gold match. Non-Gold customers receive a 1% match.

²The funds that earn any match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee.

²Match rate subject to change. Offers only apply to self-directed IRAs. For more information refer to the IRA Match FAQ.

³$210 match available to Robinhood Gold customers making the maximum 2025 IRA contribution by the IRS tax deadline. Robinhood does not provide tax advice; consult a tax adviser.

³IRS contribution limit for 2025 is $7,000 ($8,000 if you're age 50 or older) annually. Visit the IRS site for more information. The annual tax filing deadline typically is April 15th but may vary by year or individual taxpayer circumstances. All IRA contributions count toward your annual limit.

⁴You must have compensation (wage income) in order to contribute to an IRA.Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.

⁴The Robinhood IRA is offered by Robinhood Financial LLC, and is available to any U.S. customer with a Robinhood brokerage account in good standing.

⁴All investments involve risk and loss of principal is possible.

⁴Brokerage services are offered through Robinhood Financial LLC, ("RHF") a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, ("RHS") a registered broker dealer (member SIPC).

⁴RHF and RHS are not banks. All are separate but affiliated entities. Securities offered by RHF are not FDIC insured and involve risk, including possible loss of principal.

⁵Options trading entails significant risk and is not appropriate for all investors. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Certain complex options strategies (including multi-leg) carry additional risk and complexities including the potential for losses that may exceed the original investment amount.

⁶Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

Public Disclaimer: This information is for educational purposes only and is not tax or investment advice. Consult your tax advisor for individual considerations. Visit the IRS website for more information on the limitations and tax benefits of Traditional and Roth IRAs. All investing involves risk. See terms and conditions of Public’s ACATS & IRA Match Program. Matched funds must remain in your account for at least 5 years to avoid an early removal fee. Match rate and other terms of the Match Program are subject to change at any time. Before requesting a transfer to Public, please consider all fees charged by the delivering brokerage firm and any liquidations required by the delivering firm before the transfer can be completed. Certain assets are not supported by Public and will be ineligible for transfer.