Fidelity is our top pick for Roth IRAs. No account minimum, no annual fee, and their zero-expense-ratio index funds (FZROX, FZILX) are the best available for tax-free growth. The 24/7 customer service and excellent educational resources make it ideal for beginners and experienced investors alike.
🏆 #2 Charles Schwab — Best for Retirement Planning
Best for Retirement
$0
Annual Fee
$0
Account Minimum
300+
Branch Locations
4.8/5
WiseIQ Rating
Charles Schwab is an excellent Roth IRA provider with 300+ physical branch locations, 24/7 customer service, and a free robo-advisor (Schwab Intelligent Portfolios). Ideal for investors who want in-person support or a hands-off automated portfolio.
Vanguard invented the index fund and has the lowest expense ratios in the industry. Their ETFs (VTI, VXUS, BND) are the gold standard for long-term investors. The platform is dated but the investment quality is unmatched for buy-and-hold investors.
🏆 #4 Robinhood — Best for Beginners (with IRA match)
Best IRA Match
1–3%
IRA Contribution Match
$0
Annual Fee
$1
Fractional Shares
4.2/5
WiseIQ Rating
Robinhood offers a 1% IRA match (3% for Gold members at $5/month) on Roth IRA contributions — the only major brokerage to do so. The app is extremely simple. However, the investment selection is more limited than Fidelity or Schwab.
We evaluated each brokerage on: annual fees, account minimum, investment selection, expense ratios of available index funds, IRA-specific features (contribution tracking, automatic rebalancing), customer service quality, and ease of use. All picks have $0 annual fees and $0 account minimums.
Frequently Asked Questions
Fidelity is our top pick for most investors. It has no account minimum, no annual fee, excellent investment selection including zero-expense-ratio index funds (FZROX, FZILX), and 24/7 customer service. Charles Schwab is a close second, especially for investors who want in-person support.
The 2026 Roth IRA contribution limit is $7,000 (under age 50) or $8,000 (age 50 and older). You must have earned income at least equal to your contribution. Income limits apply: phase-out begins at $161,000 for single filers and $240,000 for married filing jointly.
Yes. You can contribute to both a Roth IRA and a 401(k) in the same year. The recommended order: contribute to your 401(k) up to the employer match first, then max your Roth IRA ($7,000), then go back and max your 401(k) ($23,500) if you can afford it.
For most investors, a simple portfolio of low-cost index funds is best. A good starting point: 80% VTI (US total market) + 20% VXUS (international). Because Roth IRA growth is tax-free, you want your highest-growth assets (stocks) in your Roth IRA and lower-growth assets (bonds) in taxable accounts.