Fidelity Investments and TD Ameritrade are two of the most popular online discount brokerages, and each regularly scores highly in Bankrate's annual review of the best brokers. If you're looking to invest in a Roth IRA, Fidelity is a great choice. A Roth IRA account offers retirement investors significant tax advantages. Contributions to a Roth IRA are made with after-tax dollars, so qualified withdrawals in retirement are tax-free.
To begin investing in a Roth IRA with Fidelity, you'll need to open an account. Fidelity offers a variety of account types, including traditional and Roth IRAs. Once your account is open, you'll need to fund it. You can do this by transferring funds from another account, such as a checking or savings account, or by rolling over funds from another retirement account, such as a 401(k).
Once you have funds in your account, you can begin investing. Fidelity offers a wide range of investment options, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs). Long-term investors might prefer these low-cost Fidelity mutual funds as core portfolio holdings. Fidelity also offers a robo-advisor service, Fidelity Go, for investors who prefer automated investment management.
When choosing investments for your Roth IRA, it's important to consider your investment goals, risk tolerance, and time horizon. Fidelity offers a variety of tools and resources to help you make informed investment decisions, including research and analysis tools, educational content, and investment guidance.
To help people who participate in plans like a 401(k) invest for retirement, Fidelity offers a variety of mutual funds. These funds are designed to help investors achieve their long-term investment goals, whether they're saving for retirement, college, or other financial goals.
If you're looking for the best-performing Fidelity funds of the last decade, investment experts recommend funds like Fidelity Contrafund (FCNTX), Fidelity Blue Chip Growth Fund (FBGRX), and Fidelity Low-Priced Stock Fund (FLPSX). These funds have consistently delivered strong returns over the long term.
When investing in a Roth IRA with Fidelity, it's important to consider the costs associated with your account. Fidelity offers low-cost Roth IRAs with no annual fees or account minimums. Our picks for the best Roth IRAs charge low or no fees and offer a variety of investment options to help you grow your retirement savings.
To compare Roth IRA options from Fidelity and other providers, we compared minimum deposit requirements, account fees, investment options, customer service avenues, and more. Fidelity Investments, commonly referred to as Fidelity, is a top choice when you're looking for a low-cost online broker.
Overall, investing in a Roth IRA with Fidelity is a smart choice for retirement investors. Fidelity offers a wide range of investment options, low-cost accounts, and helpful tools and resources to help you achieve your investment goals. Whether you're a hands-on investor or prefer automated investment management, Fidelity has an option that will work for you.
