Best 401k Rollover Investment Companies
Top rated investment companies, discount brokerage firms for 401k rollover plans into IRA account in 2020
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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 2020 we rated 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 4,200 mutual funds at E*Trade with no load and no transaction fee. The broker's
customers have access to over 8,000 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 offers all ETF's commission free.
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 E*Trade IRA review.
E*Trade Promotion
No commissions on stocks and ETFs.
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 $0. The broker charges no transaction fee for
load funds. No-load funds cost $9.95 to buy and sell, half of what E*Trade charges. 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 + $0 trades + transfer fee rebate.
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, over 4,200 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 $0 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
$0 stock/ETF trades and transfer fee refund.
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. TD Ameritrade is an excellent choice for frequent stock traders due to best trading
tools and ultra-low commission. E*Trade is the top choice for ETF traders. And Ally Invest is a
great broker for mutual fund investors.
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