TD Ameritrade Investment Management, LLC (“TDAIM”) and its affiliates do not provide tax advice. Premium-0.40% AUM up to $2 million (0.30% over $2 million) Essential Portfolios - 0.30% Be sure to select "60 … Reviewed against 14 other online brokers, TD Ameritrade was named #1 Overall Broker in the StockBrokers.com 2020 Online Broker Review (2 years in a row). (To open this IRA, TD Ameritrade requires you to be of legal age in your state of residency.) TD Ameritrade Essential Portfolios requires a $500 minimum with automatic deposits or $5,000 minimum. This online broker also has more than 100 branch locations. TD Ameritrade says it doesn't explicitly route for payment for order flow (PFOF), but it accepts, on average, $0.0015 per share on equity orders and $0.51 per contract for options orders. *At this time, TD Ameritrade is unable to directly roll over a qualified retirement plan to a Roth IRA. These limits start at $122,000, with phase-outs on the contribution amounts up to $137,000 in income, when ineligibility kicks in. There is no minimum deposit, no maintenance fee, and no inactivity fee. Opening an IRA is a great way to save, but it's important to pick the right company to house your account. Simply put, a Solo 401(k) is a retirement account designed for the self-employed, or business owners with no full-time employees. Either make an electronic deposit or mail us a personal check. TD Ameritrade Selective Portfolios requires a $25,000 minimum. TD Ameritrade is an American online broker based in Omaha, Nebraska, that has grown rapidly through acquisition to become the 746th-largest U.S. firm in 2008. A Solo or Individual 401(k) plan offers many of the same benefits of a traditional 401(k) with a few distinct differences. Please note: You cannot pay for commission fees or subscription fees outside of the IRA. Read on for an in-depth look, including ratings, reviews, pros and cons. Compare Betterment with TD Ameritrade, side-by-side. Fee Structure: Digital-0.25% AUM up to $2 million (.15% over $2 million). Find current TD Ameritrade promotions and bonuses to earn $100, $200, $300, $500, $600, $1000, up to $2,500 in bonus cash along with free trades. When the check has cleared, transfer the entire amount to your new TD Ameritrade IRA. While TD Ameritrade offers $0 commission online stock, ETF, and option trades. The Morningstar name and logo are registered marks of Morningstar, Inc. Morningstar Investment Management LLC is not affiliated with TD Ameritrade Investment Management or TD Ameritrade. Here's how Fidelity and TD Ameritrade compare for individual retirement accounts. A Roth IRA, on the other hand, does not have RMDs and can be passed on to your heirs without a tax penalty. 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