Banks and brokerage firms are two common places that you can establish an IRA. Zions Direct Investment Representative, Bruce Snow, introduces two popular types of IRAs and discusses differences between IRAs held at a bank versus a brokerage firm….(read more)

LEARN MORE ABOUT: IRA Accounts

INVESTING IN A GOLD IRA: Gold IRA Account

INVESTING IN A SILVER IRA: Silver IRA Account

REVEALED: Best Gold Backed IRA

An IRA, or individual retirement account, is a special type of investment account that provides tax advantages for retirement savings. IRAs are a popular choice for those who want to save for retirement, and they can be opened at a variety of financial institutions. Here are some of the places where you can open an IRA.

Banks and Credit Unions: Many banks and credit unions offer IRAs as part of their investment services. You can open a traditional IRA, Roth IRA, or SEP IRA at most financial institutions. Banks and credit unions may also offer other investment vehicles, such as stocks, bonds, and mutual funds.

Online Brokers: There are many online brokerage firms that offer IRAs, and they may offer lower fees and more investment options than traditional banks. Online brokers allow you to open and manage your IRA from the comfort of your own home, and many of them offer tools and resources to help you make sound investment decisions.

Mutual Fund Companies: Many mutual fund companies offer IRAs as well. Some of these companies may even waive certain fees if you open an IRA with them. Mutual funds can be a good choice for those who want a diversified investment portfolio, as they invest in a variety of different stocks and bonds.

Financial Advisors: If you want to work with a financial advisor, they can also help you open an IRA. A financial advisor can help you determine which type of IRA is right for you, and they can recommend investments based on your goals and risk tolerance.

Employer-Sponsored Plans: If you work for a company that offers a retirement plan, such as a 401(k) or a 403(b), you may also be eligible for an IRA. In some cases, your employer may even offer matching contributions to your IRA.

In conclusion, there are many different places where you can open an IRA. Whether you choose a bank, online broker, mutual fund company, financial advisor, or employer-sponsored plan, it’s important to do your research and choose an IRA that meets your needs and goals. With a little bit of planning and wise investing, an IRA can help you build a secure financial future.