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Vanguard, Fidelity, or Scottrade for 401k rollover to IRA?

Posted on 1/27/16 at 1:53 pm
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 1/27/16 at 1:53 pm
Suggestions? Pros/Cons?
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55311 posts
Posted on 1/27/16 at 1:56 pm to
I like using fidelity to manage but half my funds are in Vanguard 500 index

And I think United airlines still has a deal where they give you 100,000 miles if you deposit 100k into a newly opened Fidelity acct.
This post was edited on 1/27/16 at 2:04 pm
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72683 posts
Posted on 1/27/16 at 2:01 pm to
VANGUARD
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 1/27/16 at 2:05 pm to
quote:

And I think United airlines still has a deal where they give you 100,000 miles if you deposit 100k into a newly opened Fidelity acct.



I think 401k rollovers don't qualify for these benefits.
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55311 posts
Posted on 1/27/16 at 2:09 pm to
I think it's any new account
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 1/27/16 at 2:11 pm to
Interesting. I fly Delta and they are offering the same promotion.
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55311 posts
Posted on 1/27/16 at 2:18 pm to
It's what I did, I opened a new fidelity acct and made the deposit then put it all into the vanguard 500 fund. Got my 100,000 miles, that's a ticket to Europe .
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 1/27/16 at 2:20 pm to
It's 50k miles for the airlines. But I'm only rolling over about $35k so I'm eligible for 15k in miles.
Posted by Jag_Warrior
Virginia
Member since May 2015
4106 posts
Posted on 1/27/16 at 6:08 pm to
Other than the poor way that Scottrade handled their recent data breach problem, I don't suppose there's anything wrong with them as a trading firm. It's not the best, but it's not the worst either. As far as picking between Vanguard and Fidelity... six in one hand, half a dozen in the other. Personally, I'd lean more toward Vanguard, since I'd be using their funds more in a retirement account. But Fidelity is a top notch firm as well.
Posted by gpburdell
ATL
Member since Jun 2015
1423 posts
Posted on 1/27/16 at 8:01 pm to
I used to have accounts at both Vanguard and Fidelity. A couple years ago I consolidated everything at Fidelity.

Fidelity's website (reporting, tools, etc), mobile apps, and customer service is light years ahead of Vanguard. They even have offices in major cities if you need them.

Now I prefer Vanguard products, so I mainly hold Vanguard ETFs in my Fidelity accounts (taxable and iras).

I even use Fidelity as my primary checking/billpay/direct deposit with their Cash Management account. Their atm card reimburses all ATM fees which is nice. I even used their cachback credit card which is 2% cashback, no fees and no limits.
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