Editor’s note: A newer version of this product is available. We will evaluate, rank and review the new version of this product when we next update the IRA Services reviews.
E-Trade offers more than a few IRA services, including retirement options for individuals and small business owners and their employees. You can compare the benefits of a traditional IRA against a Roth IRA, or a SEP IRA versus a SIMPLE IRA. Many other IRAs are also available.
In order to save on fees and simplify your retirement portfolio, you can choose a rollover IRA to consolidate your accounts. If you???re an heir to an IRA, you can choose to move the old IRA into a beneficiary IRA to keep the funds tax-deferred until you have to make the required minimum withdrawals.
You can open a traditional or Roth IRA for a minor, if you are the child???s legal guardian and the child has earned income. The same rules apply for a minor IRA as they do for any traditional or Roth IRA. When the owner of the IRA turns 18 (or 21 in some states), he or she takes ownership of the IRA.
All of the IRAs available from E-Trade have no annual fees and no account minimums. Stock and option trades have a flat fee, and broker-assisted trades tack on an additional fee. Thousands of chosen commission-free mutual funds are available for you to choose that also have no transaction fee.
If you want to manage your portfolio yourself, E-Trade gives you access to investment education tools. You can read articles on E-Trade???s website that offer market insight from the brokerage firm???s financial professionals. There are also live online events you can attend virtually so you can learn how best to balance your investments.
There are three ways to get help from E-Trade???s customer service. There is a Frequently Asked Questions (FAQs) section available online, as well as the option of chatting with a representative online. E-Trade???s toll-free phone number will connect you to a representative 24 hours a day. If you would prefer to speak with someone in person, you can go to one of the couple dozen branches available.
E-Trade gives you control over your IRA and doesn???t charge you to open a retirement account, nor does it require an account minimum. The company also offers several tools and guidance to help you make the best decisions for your retirement.