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Roth IRA
Posted on 11/17/13 at 11:39 am
Posted on 11/17/13 at 11:39 am
I'm looking to open a Roth IRA account, any recommendations of who I should go with? Seems like I can do it all online without the help of an investment professional, but since I have no experience with investing it may be best to meet with someone. I currently live in The Woodlands, TX. I haven't started saving anything yet for retirement and would like to start asap. Thanks for the help guys
6
Posted on 11/17/13 at 11:41 am to SanFranTiger23
Vanguard or T. Rowe Price
Posted on 11/17/13 at 11:42 am to SanFranTiger23
Vanguard
Posted on 11/17/13 at 11:46 am to SanFranTiger23
Vanguard is where my Roth IRA is. I'm 28 and I have the Target Date 2050 fund. Set it and forget it. Contribute the max each month and if you can't afford the max, at least contribute something, even $50, each month.
Good luck!
Good luck!
Posted on 11/17/13 at 12:06 pm to TDsngumbo
After looking at Vanguard, seems like that's the way to go. Thanks again
Posted on 11/17/13 at 12:18 pm to SanFranTiger23
Vanguard
Posted on 11/17/13 at 12:42 pm to Lsut81
Mine this thru fidelity. Takes 2 sec to set up and u can't send in a payment and apply towards your acc No issues
Posted on 11/17/13 at 2:09 pm to SanFranTiger23
You need 3000 to open a vangaurd roth initially, with a few exceptions Star fund for example only needs 1000.
Posted on 11/17/13 at 2:41 pm to SanFranTiger23
V A N G U A R D
Posted on 11/17/13 at 2:52 pm to tigersnipen
And target dates
Posted on 11/17/13 at 3:02 pm to jimbeam
quote:
And target dates
or he can just pick his own index funds because that is what is in targets anyway. Good either way.
Posted on 11/17/13 at 3:14 pm to tigersnipen
quote:
You need 3000 to open a vangaurd roth initially, with a few exceptions Star fund for example only needs 1000.
I'm pretty sure Target Dates don't need minimums either
Vanguard gives you lots of options and extremely low fees
Posted on 11/17/13 at 4:46 pm to Lsut81
Looks like you can actually open an account up thru Vanguard with $1000. Am I missing something?
Posted on 11/17/13 at 4:46 pm to SanFranTiger23
no you can open star or target dates with 1000
Posted on 11/18/13 at 11:17 am to SanFranTiger23
quote:
Looks like you can actually open an account up thru Vanguard with $1000. Am I missing something?
No, you are correct...the prior posters messed up
Posted on 11/18/13 at 12:02 pm to Cousin
(no message)
This post was edited on 12/21/21 at 9:48 am
Posted on 11/18/13 at 3:55 pm to Cousin
quote:
No, you are correct...the prior posters messed up
No I didn't mess up, I said the Star fund for example doesn't need 3,000. Target funds are another example. Most others require 3,000
Vangaurd IRA Info
quote:
How much money do I need to open a Vanguard IRA®? $1,000 for any of the Vanguard Target Retirement Funds or for Vanguard STAR® Fund.
$3,000 for most other Vanguard funds. (Some funds have higher minimum investment requirements.)
This post was edited on 11/18/13 at 3:56 pm
Posted on 11/18/13 at 6:34 pm to tigersnipen
my bad
Posted on 11/19/13 at 8:47 am to Cousin
Quick sidebar while on the topic of Roth's.
I recently opened a Roth with Fidelity. Our co. 401k uses Fidelity so I figured it would be best to use their services.
I haven't funded the account yet, I did set up direct deposit to the account but the first contribution wouldn't be until 11/30.
Since that time, I have reviewed fund options and feel the Vanguard target date will be my primary fund. If I purchase through Fidelity, I will incur a fee on every purchase. I want to avoid this, obviously.
My plan is to close my Fidelity Roth(zero balance) and open one with Vanguard.
Has anyone ever done this, fees involved? I'm curious about this process. Hoping I can just call and cancel.
TIA.
I set up direct deposit from work
I recently opened a Roth with Fidelity. Our co. 401k uses Fidelity so I figured it would be best to use their services.
I haven't funded the account yet, I did set up direct deposit to the account but the first contribution wouldn't be until 11/30.
Since that time, I have reviewed fund options and feel the Vanguard target date will be my primary fund. If I purchase through Fidelity, I will incur a fee on every purchase. I want to avoid this, obviously.
My plan is to close my Fidelity Roth(zero balance) and open one with Vanguard.
Has anyone ever done this, fees involved? I'm curious about this process. Hoping I can just call and cancel.
TIA.
I set up direct deposit from work
Posted on 11/19/13 at 9:28 pm to TDsngumbo
This thread got me interested in starting one up with Vanguard. I have put into two 401k accounts at previous employers. Anyone ever roll previous accounts into a new account before? Not sure how to get this party started.
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