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Where to start a ROTH?

Posted on 6/8/13 at 11:40 am
Posted by Daygo85
Member since Aug 2008
3070 posts
Posted on 6/8/13 at 11:40 am
Currently I have a traditional tax deferred IRA that has been rolled over from a previous employer into an Edward Jones account. Also, currently contributing to another traditional tax deferred IRA with my current employer (not Edward Jones). Looking to start a ROTH by the end of the year. Should I trust Edward Jones with this new endeavor or use a third investment partner?

Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 6/8/13 at 12:09 pm to
Vanguard
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 6/8/13 at 12:38 pm to
You can set up your Roth wherever you want, any major financial institution will probably do just fine. Personally I love Schwab's customer service, and yes you can buy Vanguard funds through them as well as many others.
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3809 posts
Posted on 6/8/13 at 12:56 pm to
I also went through Vanguard.
Posted by Powerman
Member since Jan 2004
162258 posts
Posted on 6/8/13 at 1:29 pm to
I have a self directed one through etrade
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73257 posts
Posted on 6/8/13 at 4:06 pm to
quote:

Should I trust Edward Jones with this new endeavor




edward jones is only good for a money market fund checking account and maybe a unit trust. sales loads, annual management fees and expense ratios are ridiculous not too mention their choice of funds are not what others are. avoid it like the plaque as far as IRA's and trading stocks are concerned.
Posted by dlmast87
Amish Country
Member since Dec 2007
1941 posts
Posted on 6/8/13 at 6:00 pm to
Vanguard - because of their low costs.
Posted by gatorsimz
cafe risque
Member since Feb 2009
8135 posts
Posted on 6/8/13 at 9:21 pm to
How are you looking to invest inside your Roth? If you're looking at a mutual fund the best option may be to open up a Roth with that fund company. If you're looking at a few different mutual funds you may want to look at a brokerage account with a discount broker like Scottrade or Charles Schwab.
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