If you’re in your 20s or even 30s, saving for retirement may not yet be your top priority.
You likely have more immediate financial goals, such as purchasing a home, buying a vehicle, or building an emergency fund.
However, financial experts consistently recommend you start saving for retirement now, even if it’s only a small portion of your paycheck. Time is your greatest asset while you’re young, and the longer you let your investments compound, the greater your potential growth.
One popular way to save for retirement is through an Individual Retirement Account (IRA). An IRA allows you to invest with tax advantages.
The Webull trading platform offers commission-free trading of stocks, options, and ETFs, along with access to retirement accounts including Roth IRAs, Traditional IRAs, and Rollover IRAs.
New to Webull? Check out my full tutorial below!
For the 2025 tax year, the maximum Roth IRA contribution limit is $7,000 per year for individuals under 50, as adjusted by the IRS. Those aged 50 and over can contribute up to $8,000 due to catch-up contributions.
To contribute the full amount, your modified adjusted gross income (MAGI) must be under $150,000 for single filers. If your income exceeds this threshold, your allowable contribution amount will phase out gradually, but even partial contributions can significantly aid your retirement savings growth over time.
Webull is a commission-free stock and ETF trading platform launched in 2017 that provides a variety of investment tools including technical indicators and a built-in trading simulator.
Webull offers IRA account types including Roth, Traditional, and Rollover IRAs, all with no annual or closure fees.
Important to note: A $75 fee applies for ACAT IRA transfers out of Webull, which is relevant if you choose to move your IRA later. This contrasts with some other brokerages, like Fidelity, which may waive transfer fees.
Webull offers a Premium subscription for $3.99/month or $40/year which includes valuable benefits for IRA investors. Among these perks are:
These features can help accelerate your retirement savings growth beyond just saving on commissions.
Within your Webull IRA, you can invest in any stocks, ETFs, and options available on the platform, all commission-free. For example, you could allocate retirement funds entirely to companies like Tesla and Amazon, or build a diversified portfolio of popular ETFs.
However, Webull IRA accounts do not currently support mutual funds, bonds, or cryptocurrencies. If you want broader diversification including bonds or crypto exposure, some other providers like Fidelity offer those options.
It's important to diversify within the available asset classes and manage your portfolio risk effectively.
If you have an existing 401(k) or other employer-sponsored retirement plan and prefer an IRA, you can open a Rollover IRA with Webull and transfer your funds directly.
You may consider this if you have:
Understanding Roth IRA advantages helps in retirement planning:
Webull offers tiered interest rates on uninvested cash within IRA accounts:
Higher rates and match benefits with Premium can make a meaningful difference to your long-term savings.
Whether you choose Webull or another platform, the most important action is to start saving for retirement now. Early and consistent contributions will give you a significant advantage over time.
The Webull Roth IRA suits investors who want the flexibility to pick and choose their investments from stocks, ETFs, and options with no commission fees, supported by powerful tools and educational resources.
Keep in mind the $75 transfer fee if you move accounts and the lack of mutual funds or crypto if you want broader diversification; compare Webull’s offerings to other platforms to find the best fit.
Before making decisions, consider consulting a financial advisor to ensure the Webull IRA aligns with your retirement goals.
