Opening an IRA Online Is Easy

Opening an online IRA is a straightforward process that can be done by anyone. An IRA is an important retirement planning step and working online just makes everything go that much smoother. Here are the basics of how to open an online IRA.

Shop Brokers

One of the best things about doing this online is that you can easily shop around. You do not have to pick up the phone or talk to anyone face-to-face. You can just browse brokerage websites and see exactly what they have to offer. You can look at the different fees that they charge as well as what investments they have to offer. Once you find a broker that looks good, you can apply right from their website.

Application Process

Click on the application link on the broker's website. It will take you to a standard form that you will need to fill out. The form will ask for standard information like your name, address, phone number and social security number. You will be required to answer  financial questions and questions about your investment experience. They will then require you to verify your identity by sending them an identification card and possibly a copy of a recent bill. Once this process is completed, you will be able to open an IRA account.

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