No. of Recommendations: 1

Don't limit your possibilities to online brokerages. If you are transferring a substantial amount from a 401k rollover, and are confident in your investment strategy, then a discount brokerage firm may be right for you.

If, however, you are just starting out and will be making monthly or annual contributions, a mutual fund company might offer you a lower initial deposit, better diversification and lower costs. Some examples are Vanguard (disclaimer - I use them), Fidelity, T Rowe Price and there are lots of others. Look at some of the Fool's excellent reports on IRA's as well as previous posts to this board - there is a lot of really good information out there.

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