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Who to Start a Roth IRA with
Posted on 1/30/18 at 4:15 pm
Posted on 1/30/18 at 4:15 pm
So I've got a 401K through WellsFargo at work with a 6% match that I take part in, but was looking to do a little more saving. Have a CapitalOne brokergae account with my stocks, but want to open up a Roth IRA, anyone got any advice on who to open with and why? Thanks
Posted on 1/30/18 at 4:26 pm to Nighthawk504
Posted on 1/30/18 at 4:32 pm to TigerintheNO
I'd always suggest Vanguard or Fidelity because of the variety of low expense index funds.
But I don't do much IRA investing in anything but low expense index funds.
But I don't do much IRA investing in anything but low expense index funds.
Posted on 1/30/18 at 4:40 pm to Nighthawk504
Vanguard is cheap and website is easy to use.
Posted on 1/30/18 at 5:18 pm to Nighthawk504
i know this is a lazy answer, but I'd probably start one with one of the companies you already use, just because it would be one less password to keep up with
Posted on 1/30/18 at 6:58 pm to Nighthawk504
Through the years, I've held mutual funds with lots of different companies...through the years, I've whittled that down to just Vanguard and T. Rowe Price. Actually have both my and my wife's Roth with Vanguard...But would recommend either of these two companies.
Posted on 1/30/18 at 7:47 pm to Nighthawk504
I've been using Schwab for all my financial needs (except the mortgage and HELOC) for 20 years or more. That's checking, brokerage, Roth and 401(k) - and I've seen no reason to switch.
Schwab's fund expense ratios are generally competitive with Vanguard. You can even buy Vanguard funds, although it'll cost more than if you have your account at Vanguard. That said, Schwab's funds are just fine.
So if you are just dead set on getting Vanguard funds (and they are indeed good choices) then I'd open an account at Vanguard. If you're open to other funds too that can and often are every bit as good, Schwab is a good choice.
Also consider the web interface, you'll be working with it often after all.
Schwab's fund expense ratios are generally competitive with Vanguard. You can even buy Vanguard funds, although it'll cost more than if you have your account at Vanguard. That said, Schwab's funds are just fine.
So if you are just dead set on getting Vanguard funds (and they are indeed good choices) then I'd open an account at Vanguard. If you're open to other funds too that can and often are every bit as good, Schwab is a good choice.
Also consider the web interface, you'll be working with it often after all.
Posted on 1/30/18 at 9:14 pm to foshizzle
Vanguard. Mutual Funds, ETF 0 comm trades, stocks, bonds, options, CDs all in one place. Easy to use and competitive commissions.
Posted on 1/31/18 at 7:00 am to Nighthawk504
I love Vanguard. Very user friendly with low fees.
Posted on 1/31/18 at 2:23 pm to Nighthawk504
I would also suggest Vanguard and provide another item of interest. Several big name investment firms are adding very small fees to individuals who purchase Vanguard funds in their 401k. While I believe this will end before too long, it could be the start of concerted effort to penalize Vanguard for their success. If you're interested in Vanguard funds, stick with their serves as well.
Posted on 1/31/18 at 4:40 pm to Nighthawk504
I use Vanguard and Fidelity. It's hard to beat some of their ultra-low fee mutual funds in the first place and buying the funds directly from the house that manages it should eliminate any brokerage fees, making it possible to buy a little each week without getting eaten alive by commissions.
Also, you can have as many IRAs as you wish, so if you want to open an IRA with more than one investment house or bank to take advantage of things like the commission free purchases each one offers, you can. You just have to make sure that you don't invest more than the yearly limit across all of them in total.
Also, you can have as many IRAs as you wish, so if you want to open an IRA with more than one investment house or bank to take advantage of things like the commission free purchases each one offers, you can. You just have to make sure that you don't invest more than the yearly limit across all of them in total.
This post was edited on 1/31/18 at 4:44 pm
Posted on 1/31/18 at 4:43 pm to TigerstuckinMS
I use Schwab, I like the website and I don’t invest in ETFs there since that is all my 401k is so that’s not something I care about, but they do have low cost options.
This post was edited on 1/31/18 at 4:44 pm
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