ôô

Your Guide to the Roth IRA, Part 2

Fast track your retirement savings with this tax-advantaged account.

By
Laura Adams, MBA
5-minute read
Episode #273

 

Where to Get a Roth IRA

If you’re ready to start taking advantage of tax-free account growth for retirement, you can open a Roth IRA through an investment advisor or at many different banks, mutual fund companies, or brokerages. Opening a Roth IRA is just as easy as opening a bank account. You complete an application and transfer funds to activate the account.

Look for a company that offers the kinds of investments that you want to make, like mutual funds, exchange-traded funds, or stocks. If you have no idea what investments are right for you, choose a company that offers free investment advice and gives you simple options, like our sponsor Betterment.com.

Go ahead and put your Roth IRA on auto-pilot by setting up recurring monthly deposits. In some cases, signing up for an automatic investing program will reduce or eliminate any minimum balance requirement—plus, it will help you build wealth for retirement even faster.

More Articles and Resources You Might Like:

25+ Best Personal Finance and Productivity Tools

4 Legal Documents You Should Have—Get Them Free

Financial Advice That Will Make You Rich

5 Tips to Simplify Your Finances

Roth vs. Traditional IRA Calculator

Have money questions or comments? Send them to money@quickanddirtytips.com

Get More Money Girl!

There’s a huge archive of past articles and podcasts if you type in what you want to learn about in the search bar at the top of the page. Here are all the many places you can connect with me, learn more about personal finance, and ask your money question:

Click here to sign up for the free Money Girl Newsletter!

Download FREE chapters of Money Girl’s Smart Moves to Grow Rich

To learn much more about how to use different kinds of retirement accounts to build wealth, get a copy of my paperback or ebook, Money Girl’s Smart Moves to Grow Rich. It tells you what you need to know about money without bogging you down with what you don’t. You can even download 2 free book chapters at SmartMovesToGrowRich.com!

Pages

About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a frequent, trusted source for the national media. Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers is her newest title. Laura's previous book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love, was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show.