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TD Essentials Automated IRA Review: Features, Fees, and More

By Stang Gappa

Updated on April 1, 2023

Learn about our Editorial Process

Key Takeaways

TD Ameritrade was acquired by Charles Schwab in 2020.
We also have a comprehensive review of Charles Schwab’s Intelligent Portfolios Automated IRA.

TD Essentials Automated IRA Snapshot

Best if you want

An automated IRA with no management fee and a wide range of portfolio options.

Fees

What you can invest in

All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences

Limitations

Schwab's automated IRA has a $5,000 account minimum which is a little higher than other providers, but comes with 24/7 human support.

Account minimum

5000

Ease of Use

3 stars stars

Pros

• No management fee
• Customizable portfolio based on risk tolerance and preferences
• Includes 24/7 customer support

Cons

• Higher account minimum starting at $5,000
• $50,000 account minimum is required for tax-loss harvesting
• Outsized cash position in the portfolio

COMPARE

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