The best place to open an IRA depends on your needs. If you want to manage your own investments, a brokerage account that offers you a wide variety of choices such as stocks, bonds, mutual funds, and ETFs could be a good option.  If you want to reduce your risk, you might prefer to open an IRA that allows you to put your money into a CD or money market account. And if you want your funds managed for you, a robo-advisor might be a better bet.