Online Brokers for Retirement InvestingThe goal of this site is to help you gather the tools necessary in order to create retirement investing strategies for the rest of your life. We will look at the different options for starting a roth ira account and how to go about opening and funding it whenever the time is right for you. The longer you wait to start learning how to use your account when open, the less opportunities there are for creating immediate returns on your contributions. Many other sites will give you information for opening an account, who is eligible for a roth ira and what you can contribute to an account. We will try to give you a more complete picture to fully understanding the importance in taking your financial future into your own hands. The following is a list of brokerage houses that we recommend and we will give a brief description of the pros and cons of each one. These are great for brokerage online stock trading services for all your retirement investing needs. TD Ameritrade: Overall we recommend TD the most for retirement investing due to their highly specialized financial specialist, but also because of their superior customer service. They deliver on all aspects for Roth IRA users and have many trading systems in place to help you navigate your own style of investing. We feel that TDAmeritrade is the best online trading broker. Pros: Their trading platform Think or Swim is a fantastic way for anyone to learn from the ground up. It allows you to use a practice account to familiarize yourself with the different trading vehicles. TD has many resources,seminars and workshops for a beginner. They also have a great mobile app to check your investments when you are away from your PC. Cons: There is really only one con that we can think of when it comes to TD Ameritrade and that is the cost structure for their commissions ($10/stock trade). With that said however we have found out through trial and error that sometimes they are willing to negotiate their fees or give promotions items such as 10 free trades per year. This will help you out in the beginning, when the fees will eat away at your principal if not managed properly. Don’t worry though we will help you to manage those costs and provide you with ways in which to succeed regardless of the costs. Fidelity: This investment company has been a staple in the US for many years now and has been one of our favorites for some time. They too have quality customer service and knowledgeable staff to answer any questions you might have. Pros: Their fees are lower than TD Ameritrade ($7.95/stock trade), but higher than some of the other discount brokers. They have some trading platforms and resources to help guide you through the first few years of your investing. Knowledgeable and decent customer service. Cons: We feel that Fidelity is behind in the times and that they struggle to be as competitive as some other online brokers. They are great for traditional strategies and handing your money over to them so that they could invest for you. We are more interested in you taking your investing into your own hands and try for better returns than what Fidelity might produce. Tradeking: This online brokerage was one of the first “real” discount sites when it hit the market. They are good at what they do regarding a discount site keeping it simple and user friendly. Pros: You can’t beat the pricing of each trade at $4.95/trade. Tradeking really delivers on cost and that is probably the biggest and only draw to using their site. Cons: They are limited in some of the companies that they will allow to trade online and their customer service is lacking. Zecco: This is another discount online broker, but has not had the same popularity as tradeking. But we feel that they offer better products and brokerage services than other discount brokers. This company is capable of fulfilling your retirement investing needs Pros: They offer good customer service and low trading fees ($4.95/trade). Zecco also offers good pricing on trading options. This is important because of the ability to use options in your roth ira account. We will dedicate a section for options and Zecco has good resources to learn more as well. Cons: There are few cons for this company. They seem to be on top of their game and they a runner up to TDAmeritrade. Note: All of the sites mentioned above are ones that we feel are better than their competition. Each person is different and has a different style of retirement investing. If you are someone who is computer savvy and enjoys working with software, then TDAmeritrade might be the site for you. However if you are someone who is not interested in the complicated software, then going with Zecco might be the one for you. The best way to pick a sight is to go to each one mentioned and try them out. Please go through the links below. They will allow you to set up and use a practice account so that you can decide which one is the best fit for you. Best Online Trading TD Ameritrade
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