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Message
re: Various Financial Questions
Posted on 1/4/13 at 10:38 am to Lsut81
Posted on 1/4/13 at 10:38 am to Lsut81
The no annual or maintenance fee for an IRA is not typical. However, Scottrade gets you two ways.
1.) Charges to you trade stocks (albeit at a low cost)
2.) The Stock and ETF dividends are not automatically reinvested
#2 bolded. That is the real disadvantage. You get the dividends into your account then must spend the $7 to invest them.
I have my Roth IRA with Vanguard. They have an extremely low expense ratio on most of their Target Retirement Date Funds which I use for my IRA. I keep mentioning Vanguard because they are a really exceptional investing group. I'd look into them at the very least.
I have a Target Retirement 2030 Fund for my Roth IRA. It's a mix of 80/20 Stocks to Bonds. I went 80/20 since that is my comfort level even though my actual retirement date is like 2055 (I'm 23). 1 year average performance is 14.24%. The 2035+ Target funds are in the 15-16% average range.
1.) Charges to you trade stocks (albeit at a low cost)
2.) The Stock and ETF dividends are not automatically reinvested
#2 bolded. That is the real disadvantage. You get the dividends into your account then must spend the $7 to invest them.
I have my Roth IRA with Vanguard. They have an extremely low expense ratio on most of their Target Retirement Date Funds which I use for my IRA. I keep mentioning Vanguard because they are a really exceptional investing group. I'd look into them at the very least.
I have a Target Retirement 2030 Fund for my Roth IRA. It's a mix of 80/20 Stocks to Bonds. I went 80/20 since that is my comfort level even though my actual retirement date is like 2055 (I'm 23). 1 year average performance is 14.24%. The 2035+ Target funds are in the 15-16% average range.
This post was edited on 1/4/13 at 10:41 am
1
Posted on 1/4/13 at 10:45 am to polizei11
quote:
I have my Roth IRA with Vanguard. They have an extremely low expense ratio on most of their Target Retirement Date Funds which I use for my IRA. I keep mentioning Vanguard because they are a really exceptional investing group. I'd look into them at the very least.
Sweet, thanks for the information
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