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). Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 30 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options: https://www.theocc.com/getmedia/a151a9ae-d784-4a15-bdeb-23a029f50b70/riskstoc.pdf