Optimize Roth IRA by Rolling to Better Platform

A user is inquiring about rolling over a non-employer Roth IRA from a bank to another platform. This highlights a common opportunity for investors to optimize their retirement accounts. Bank-managed IRAs often have limited investment options and potentially higher fees compared to brokerage platforms. Rolling an IRA to a platform like Vanguard, Fidelity, or Charles Schwab can provide access to a wider array of low-cost index funds, ETFs, and individual stocks, allowing for better diversification and potentially higher returns over the long term. It's a key move for maximizing retirement savings efficiency.