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Too Frat To Care 
New Orleans Saints Fan
PMAC
Member since Mar 2011
5139 posts
| Roth IRA's (Posted on 2/10/13 at 6:36 pm)
I am opening up a Roth IRA with Fidelity this week. How much does your money grow over years? I plan on putting the required amount and some each month in it.
Can someone fill me in? Is there another investment opportunity I should look into also? I have a 401k as well...
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I Love Bama 
Alabama Fan
Alabama
Member since Nov 2007
27077 posts
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quote:
How much does your money grow over years?
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foshizzle 
LSU Fan
Member since Mar 2008
25116 posts
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quote:
Can someone fill me in? Is there another investment opportunity I should look into also?
A Roth is not an investment that promises a certain level of return - it is a type of account that shelters you from taxes.
You can buy stock XYZ in either a Roth or a regular brokerage account, the difference is the tax treatment. But XYZ will do whatever it will do either way.
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jimbeam
LSU Fan
Patrick F. Taylor
Member since Oct 2011
16122 posts
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quote:
How much does your money grow over years?
not sure if serious
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Reubaltaich 
USA Fan
A nation under duress
Member since Jun 2006
1773 posts
| re: Roth IRA's (Posted on 2/10/13 at 7:34 pm to jimbeam)
Question, where is a good place to start a ROTH IRA?
Scott Trade...?
What particular Roth we be a good middle of the road acount to start?
I have a 401K at work but I am looking to put money in something seperate from my job...
TIA
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Springlake Tiger
LSU Fan
Uptown
Member since Aug 2006
11789 posts
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depends on the return you get on your investments homey. just pick some mutual funds that keep you diversified, actually pick some index funds that mirror the S&P, Dow, etc. that way your return will always be around the market average.
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Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
1773 posts
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OK, that make sense.
I am looking into start with someone like T Rowe Price or Vanguard, looking at Fidelity also.
Just looking for a basic, no non-sense account. Do these three fit the bill?
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gatorsimz 
Florida Fan
cafe risque
Member since Feb 2009
5237 posts
| re: Roth IRA's (Posted on 2/10/13 at 8:52 pm to Reubaltaich)
I have mine with Scottrade and I'm pleased. You should figure out how you want to invest your money first. If you are just looking to put money away and not think about it I'd look at a target fund. If you decide you want to invest in a Vanguard fund, open your Roth with them. If you're looking to actively manage your account you could look at Scottrade.
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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
13456 posts
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quote:
How much does your money grow over years?
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Dead Mike
LSU Fan
Cell Block 4
Member since Mar 2010
1500 posts
| re: Roth IRA's (Posted on 2/11/13 at 9:51 am to Reubaltaich)
quote:
What particular Roth we be a good middle of the road acount to start?
What do you mean exactly?
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115660 posts
| re: Roth IRA's (Posted on 2/11/13 at 9:52 am to Reubaltaich)
quote:
What particular Roth we be a good middle of the road acount to start?
I have an IRA with etrade (traditional)
But you could set up a roth there
I've had good customer service with them
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Vols&Shaft83 
Tennessee Fan
Member since Dec 2012
3215 posts
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quote:
How much does your money grow over years?
Well, if you shift your resources away from Evil Enterprises and towards Starbucks, you could increase your profit 5 fold, we could make trillions.
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dewster 
Maryland Fan
TN
Member since Aug 2006
4425 posts
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I'm in an total index fund and a couple of balanced funds at Vanguard. I'm happy.
You can only contribute $5500 per year, but it will be very nice to have tax free savings when you retire.
Does fidelity have funds to choose from? If so, which were you considering?
This post was edited on 2/11 at 4:59 pm
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jimbeam
LSU Fan
Patrick F. Taylor
Member since Oct 2011
16122 posts
| re: Roth IRA's (Posted on 2/11/13 at 5:10 pm to dewster)
Thought it was 5k
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foshizzle
LSU Fan
Member since Mar 2008
25116 posts
| re: Roth IRA's (Posted on 2/11/13 at 5:26 pm to dewster)
quote:
Does fidelity have funds to choose from?
Plenty from many sources. You can almost certainly buy Vanguard funds with them, for example. Vanguard gives you a slightly better deal if you have your account with them but it isn't by much.
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foshizzle
LSU Fan
Member since Mar 2008
25116 posts
| re: Roth IRA's (Posted on 2/11/13 at 5:29 pm to jimbeam)
quote:
Thought it was 5k
In 2012, yes if you are under 50 and 6K if over. In 2013 it goes to 5500.
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jimbeam
LSU Fan
Patrick F. Taylor
Member since Oct 2011
16122 posts
| re: Roth IRA's (Posted on 2/11/13 at 7:29 pm to foshizzle)
Gotcha 
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dewster
Maryland Fan
TN
Member since Aug 2006
4425 posts
| re: Roth IRA's (Posted on 2/12/13 at 8:41 am to foshizzle)
quote:
You can almost certainly buy Vanguard funds with them, for example. Vanguard gives you a slightly better deal if you have your account with them but it isn't by much.
Sounds good.
I've never been impressed with their target funds, but other than that, I think they have a decent selection. Their fees are lowered if you go paperless as well.
This post was edited on 2/12 at 8:43 am
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