Nationwide Roth IRA | TigerDroppings.com
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tdavi48
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Member since Mar 2012
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Nationwide Roth IRA

I know people on here say great things about Vanguard. My question is I know there is a $3000 initial start up for Vanguard, but I already have my 401k through Nationwide and they offer Roth IRA's with no minimum start up. Does anyone have an opinion on Investing with Nationwide? Thanks


Dooshay
LSU Fan
CEBA
Member since Jun 2011
29614 posts

re: Nationwide Roth IRA
They're not all 3k. Some are as low as 1k but it depends on the fund you choose.

I don't think the nationwide has the history of performance Vanguard does but it's probably better than nothing.

I'd suggest saving up the 1k min and opening a vanguard acct then contributing to it as you can.


tdavi48
LSU Fan
NA
Member since Mar 2012
606 posts

re: Nationwide Roth IRA
Oh OK. I was thinking it was 3k just to start up an account with Vanguard. So I can just set up an account and get started with 1k? Are their still good funds available for 1k?


Dooshay
LSU Fan
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Member since Jun 2011
29614 posts

re: Nationwide Roth IRA
vttsx is a 2060 target retirement fund with a 1k min investment.


tdavi48
LSU Fan
NA
Member since Mar 2012
606 posts

re: Nationwide Roth IRA
How good of a fund is this one, and wouldnt it be a smart idea to diversify. Is there more funds with a 1k minimum?


jimbeam
USA Fan
University of LSU
Member since Oct 2011
37635 posts
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re: Nationwide Roth IRA
Bro you stealing my ideas


LSU9102
New Orleans Saints Fan
West of the Mississippi
Member since Mar 2007
1653 posts
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re: Nationwide Roth IRA
LINK

Vanguard Star Fund
$1000 min to get started. 4 star mutual fund.
it's a moderate fund.


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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1663 posts

re: Nationwide Roth IRA
quote:

How good of a fund is this one, and wouldnt it be a smart idea to diversify. Is there more funds with a 1k minimum?


You need to spend some time researching the available funds and the required minimum investment. Any target retirement fund will be diversified according the target date of the fund. So if you put $1k into a target retirement fund you should already have accomplished a certain level of diversification.


jimbeam
USA Fan
University of LSU
Member since Oct 2011
37635 posts
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re: Nationwide Roth IRA
Total stock market and total bond

So yea pretty diversified


Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
22044 posts
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re: Nationwide Roth IRA
quote:

vttsx is a 2060 target retirement fund with a 1k min investment.



My experience with Vanguard was you still need the $3,000 because their money market fund, which is the sweep account, requires a 3k minimum.

SO it works like this:

Open Money Market - $3,000
Once deposited. Take $3,000 and invest in Funds/Indexes that require less than that.

I had to jump through this hurdle for my ETFs even though they have no minimum requirements.

quote:

Total stock market and total bond

So yea pretty diversified


People with argue that Total Stock market has some gaps, namely smaller cap companies.
This post was edited on 11/13 at 4:09 pm


RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1663 posts

re: Nationwide Roth IRA
Right, I am pretty heavy on stock mutual funds. December and January are going to be fun months reallocating as well as figuring out my yearly contributions toward 401(k), roth ira, and taxable. There is nothing wrong with investing into a retirement target fund while one studies investing strategies and builds up some money.


Dooshay
LSU Fan
CEBA
Member since Jun 2011
29614 posts

re: Nationwide Roth IRA
Dude I read the past 50 pages of this board over the last few days and I've learned so much


Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
22044 posts
Online

re: Nationwide Roth IRA
The one part I never got about "reallocation" is this idea that it happens once a year. I contribute throughout the year and buy whatever needs to be bought to keep my allocation percentages on target.

Why the hell are people "off" at the end of the year?


jimbeam
USA Fan
University of LSU
Member since Oct 2011
37635 posts
Online

re: Nationwide Roth IRA
I read bogleheads a lot too

Better read up with that PETE cash comin soon
This post was edited on 11/13 at 4:14 pm


jimbeam
USA Fan
University of LSU
Member since Oct 2011
37635 posts
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re: Nationwide Roth IRA
I think some people just have a set amount into each fund per month or quarter and don't fix as they go like you do


Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
22044 posts
Online

re: Nationwide Roth IRA
quote:

I think some people just have a set amount into each fund per month or quarter and don't fix as they go like you do



Ya, I guess that would happen over a quarterly basis.

I contribute every 2 weeks so it doesn't have much time to move one way or the other.


jimbeam
USA Fan
University of LSU
Member since Oct 2011
37635 posts
Online

re: Nationwide Roth IRA
Don't have steady income yet so I haven't decided how ill do it


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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1663 posts

re: Nationwide Roth IRA
I have an auto investment ongoing for my 401(k) and my taxable account every pay period (bimonthly). Occasionally I will log in and check the performance of each mutual fund versus the stock market as a whole, and perhaps make a decision on whether or not to taper what I am investing in one fund, or switch to another.

Right now I have set funds that I am investing in, as this year has been pretty much my launching pad for my retirement portfolio, emergency fund, taxable account and so on... I will weigh my allocation percentages in December between what I have in stocks vs bonds and readjust to my age accordingly. I am not as proactive as others with my accounts although I do like having a set strategy to work off of rather than constantly winging things.


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Dooshay
LSU Fan
CEBA
Member since Jun 2011
29614 posts

re: Nationwide Roth IRA
yeah that's the idea, but it's looking like i might not have what i was hoping


Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
41811 posts

re: Nationwide Roth IRA
quote:

My experience with Vanguard was you still need the $3,000 because their money market fund, which is the sweep account, requires a 3k minimum.



I was able to open a sweep fund with no minimum by having a brokerage account FWIW.

They still insisted on the 3k for many mutual fund


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