Best 401k Rollover Investment Companies Overview
Saving for retirement seems daunting to many people. But having the right brokerage firm on your side makes the process much easier.
E*Trade, Ally Invest, and TD Ameritrade are three brokers that have good educational resources and a selection of IRA's to make
building a nest egg simpler. In 2019 we arted them the Best 401k Rollover Investment Companies. Let's check them out.
E*Trade
E*Trade offers a very wide selection of Individual Retirement Accounts to choose from. These include Roth, Traditional, Rollover, OneStop Rollover, Beneficiary, Complete, Minor, SEP, and SIMPLE accounts. This is one of the largest selections in the industry. The Complete IRA is designed for retirees age 59½ and above. Withdrawals from this account can be made penalty free with bill pay, checks, or a debit card. A OneStop Rollover is a professionally-managed rollover IRA for investors who prefer some assistance.
The firm has excellent resources for retirement education. The broker's website has several IRA calculators. These include a distribution calculator and a Roth v. Traditional evaluation tool that helps investors choose the right account for their personal situation. Other useful resources include a business plan selector and an IRA beneficiary calculator.
There are over 2,000 mutual funds at E*Trade with no load and no transaction fee. The broker's customers have access to over 7,400 mutual funds in total, including 70 target-date mutual funds. These securities are designed for retirement savers. Each fund has a target date, such as 2035. This is the expected time that retirement will commence. The fund becomes less aggressive by taking on more cash and bonds as the target date approaches.
For investors who aren't interested in mutual funds, E*Trade has a list of more than 200 ETF's that are commission free. All of them have low expense ratios. Some of them have investment goals that will appeal to retirement savers, such as dividend funds.
The broker has customer service agents who specialize in retirement issues. They can be reached at 1-877-921-2434 with any IRA questions.
Read Etrade IRA review.
E*Trade Promotion
At E*TRADE, get $6.95 trades + 65₵ per options contract.
Open Etrade Account
Ally Invest
Retirement savers can choose from several IRA's at Ally Invest. The broker offers Roth, Traditional, SIMPLE, SEP, and Rollover accounts. The Rollover account is an excellent choice for investors who have an old 401(k) plan from a former employer. SEP and SIMPLE plans are good choices for self-employed persons and business owners.
There are no on-going fees to maintain an IRA at Ally Invest. There are no maintenance fees, low balances fees, or annual fees.
Stock and ETF trades with the broker are a very low $4.95. This rate drops to $3.95 for active traders and accounts with over $100K
balance. This is one of the lowest commissions in the industry. Over 10,000 mutual funds are also available to Ally Invest customers.
The broker charges no transaction fee for load funds. No-load funds cost $9.95 to buy and sell. Some of these funds are designed for retirement savers.
Investors who transfer an existing IRA to Ally Invest are eligible to receive up to $150 of transfer costs charged by the other broker as a rebate from Ally Invest. To qualify for this special, the transferred IRA must be worth at least $2,500.
Read Ally Invest IRA review.
Ally Invest Promotion
Up to $3,500 cash bonus + commission free trades for new accounts.
Open Ally Invest Account
TD Ameritrade
Investors at TD Ameritrade can open a Traditional, Roth, Rollover, SEP, or SIMPLE IRA. Opening an IRA with the broker has no setup fee. The broker does not
have a required minimum deposit for a retirement account, and there is no annual fee, either.
TD Ameritrade has one of the largest mutual fund lists in the industry. Investors can trade more than 14,000 mutual funds. Of these, nearly 2,400 carry no
load and no transaction fee. Several of the broker's mutual funds are target date funds. The fund families offering these retirement products include
Fidelity, Vanguard, and T. Rowe Price.
Besides mutual funds, TD Ameritrade also offers a low $6.95 commission for ETF and stock transactions. Another great feature TD Ameritrade has is the largest
network of local branches for customers who need personal assistance. The broker currently has over 450 locations across most U.S. states.
Investors who are confident enough to do their own retirement planning will find good resources on TD Ameritrade's website. A section there is devoted to
investment education. There is a retirement savings calculator along with an IRA comparison tool. There are articles on retirement planning and
employer-sponsored plans. Another article discusses living during retirement. A section on IRA's discusses withdrawal and contribution policies. The
TD Ameritrade website also lists the broker's upcoming live webinars and in-person seminars and conferences, which may be of value to retirement savers.
Read TD Ameritrade IRA review.
TD Ameritrade Promotion
Rollover your 401k or open and fund your IRA and get up to $600 cash.
Open TD Ameritrade Account
Top 401k Rollover Companies Summary
Ally Invest, E*Trade, and TD Ameritrade all have unique advantages that retirement savers will benefit from. Ally Invest is an excellent choice for frequent stock traders due to
its ultra-low commission. E*Trade is the best choice for ETF traders. And TD Ameritrade is a great broker for mutual fund investors.
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Best 401k Rollover Companies
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