Charles Schwab Corp (SCHW), TD Ameritrade Holding Corp. (AMTD): Where to Turn for a Last-Minute IRA

Most discount brokerage firms require no account minimums and charge no annual maintenance fees. Keep in mind that Charles Schwab Corp (NYSE:SCHW) requires a $1,000 account minimum for an IRA, which is waived if you set up a direct deposit of at least $100 per month. Meanwhile, Fidelity obligates account holders to contribute $2,500 for an annual fee waiver, unless you direct deposit a monthly minimum of $200.

Before getting started, think about what you want from your IRA provider. Are you dead-set on iShares ETFs for your IRA? Are broker-assisted trades important to you? Do you intend to set up a monthly direct deposit for your IRA contribution, or do you think you’ll make your entire contribution all at one time? Only you can determine which of these providers best suit your needs.

Foolish bottom line
Even though the deadline is fast approaching, don’t sweat it. Many IRA providers can provide last-minute help. Our Foolish IRA Center can put you in touch with the resources you need to get your IRA opened and funded today.

The article Where to Turn for a Last-Minute IRA originally appeared on Fool.com and is written by Nicole Seghetti.

Fool contributor Nicole Seghetti has no position in any stocks mentioned. Follow her on Twitter @NicoleSeghetti. The Motley Fool recommends BlackRock and TD Ameritrade.

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