Where to open new Traditional and Roth IRA accounts?

Question

I want to open new Traditional and Roth IRA accounts. My main purpose is to do the backdoor Roth IRA contribution.

I'm new to this investment world. Some options I have in my mind are Vanguard and Fidelity.

Can you please suggest a better place for where to open these accounts?

Thank you.

TC: 230

#ira #investment #tax #personalfinance

zVrx63 · Accepted Answer

I like Fidelity. Everything is easy there, and the people are helpful. Why wouldn’t you want to use them?

usJf78 · Answer

Anything to worry about when doing conversion?

xPNY15 · Answer

Vanguard is pretty straightforward for doing the backdoor Roth. I have an account for my wife there.

I use Interactive Brokers for my own trading. It’s probably overkill for you, but had low margin rates and access to more products.

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