These limits start at $122,000, with phase-outs on the contribution amounts up to $137,000 in income, when ineligibility kicks in. Premium-0.40% AUM up to $2 million (0.30% over $2 million) Essential Portfolios - 0.30% This online broker also has more than 100 branch locations. Here's how Fidelity and TD Ameritrade compare for individual retirement accounts. 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. TD Ameritrade Essential Portfolios requires a $500 minimum with automatic deposits or $5,000 minimum. When the check has cleared, transfer the entire amount to your new TD Ameritrade IRA. 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). TD Ameritrade Selective Portfolios requires a $25,000 minimum. While TD Ameritrade offers $0 commission online stock, ETF, and option trades. A Roth IRA, on the other hand, does not have RMDs and can be passed on to your heirs without a tax penalty. Fee Structure: Digital-0.25% AUM up to $2 million (.15% over $2 million). Read on for an in-depth look, including ratings, reviews, pros and cons. There is no minimum deposit, no maintenance fee, and no inactivity fee. We rated #1 in several categories, including "Customer Service" (4 years in a row), "Platforms & Tools" (9 years in a row), "Education" (8 years in a row), and "Beginners" (8 years in a row). Be sure to select "60 … (To open this IRA, TD Ameritrade requires you to be of legal age in your state of residency.) There are no income limits on traditional IRAs, but there are on Roth IRAs. 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. Either make an electronic deposit or mail us a personal check. Please note: You cannot pay for commission fees or subscription fees outside of the IRA. Simply put, a Solo 401(k) is a retirement account designed for the self-employed, or business owners with no full-time employees. A Solo or Individual 401(k) plan offers many of the same benefits of a traditional 401(k) with a few distinct differences. 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. Opening an IRA is a great way to save, but it's important to pick the right company to house your account. *At this time, TD Ameritrade is unable to directly roll over a qualified retirement plan to a Roth IRA. 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. 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