List of Top IRA Retirement Plans

Plan for your retirement with the right IRA.

If you are looking to invest in your retirement, IRAs are a popular choice. They have multiple tax benefits and the interest rates of IRAs are generally higher than those of traditional savings accounts or CDs; they are also generally less risky than investments in the stock market. You can choose to open an IRA with a local or online brokerage, or with a bank.

Types of IRAs

There are two main types of IRA accounts: Traditional and Roth. You can make contributions into your IRA until the age 70 1/2 with a traditional IRA, but with a Roth IRA, you can contribute to the IRA for as long as you like. As far as taxes go, Roth IRAs are tax-free upon your retirement, whereas you are taxed on your withdrawals from a traditional IRA after the age 59 1/2. Most experts agree that for tax purposes, this makes the Roth IRA more appealing.

Top-Rated Roth IRAs

According to the Wall Street Journal’s website, a Roth IRA is the best retirement plan to go with in most cases. offers a list of its top-rated Roth IRA accounts as of June 2010:

  1. TradeKing’s Roth IRA is rated number one because of its “Great customer service, fast trade execution, retirement education, active investing community and top level security.”

  2. Scottrade’s Roth IRA is rated number two because of its “Great registration process, low $7 commissions, $0 inactivity fees, $0 IRA fees, low bond commissions and good customer service.

  3. ETrade’s Roth IRA is rated third because of its “Excellent financial charts, powerful trading engine, easy to use training interface, reasonable commission, $0 maintenance fees.”

Top-Rated Traditional IRAs

According to, the following brokerage firms offer the best traditional IRAs as of June 2010:

  1. OptionsXpress’ traditional IRAs are rated number one because of its “Trade experience, usability, ranges of offerings, research and educational resources and customer service.” There is a $0 minimum to open a traditional IRA with OptionsXpress.

  2. Scottrade’s traditional IRAs are rated number two because their “IRAs are free; there is no IRA setup and annual IRA fees. The firm is consistently rated at the top in customer service and investor satisfaction.” There is a $500 minimum to open a traditional IRA with Scottrade.

  3. Zecco’s traditional IRAs are rated number three because they “offer one of the best values on IRA accounts…if you have a $25,000 account balance and trade stocks 1 to 15 times a month.” So if you have a larger amount to invest, Zecco is a good option.

Top-Rated Bank IRAs, Traditional or Roth

According to, the following banks offered the highest yields on their investment plans and were rated as four-star banks or better as of June 2010:

  1. USAA Federal Savings Bank 10750 McDermott FWY San Antonio, Texas 78288-0544 (210) 456-8000

  2. Nationwide Bank One Nationwide Plaza Columbus, Ohio 43215-2220 (877) 422-6569

  3. Bank of Internet USA P.O. Box 919008 San Diego, California 92191-9872 (877) 541-BOFI (2634)

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