In this video, Entrepreneur Network partner and finance pro Jeff Rose explains why using a traditional bank to open a Roth IRA might be a bad idea. He says that you don’t need to go to a bank to start investing when online resources available can help. Rose comments that many people like to use tools like Betterment, Wealthfront and Robinhood to invest using just a computer and an internet connection.
It’s important that you’re confident about where your money is going and the advice you take is coming from a reliable source. You might think banks or credit unions are reliable, but they might also fail to have the qualifications you need to get the best advice.
