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Opening a new IRA for myself and my wife, where to open account?
Posted on 12/18/23 at 10:45 pm
Posted on 12/18/23 at 10:45 pm
Opening two new IRAs, plan to backdoor Roth them. Currently max a 401k through a company I own for myself and one for my wife. Funds were selected by a professional, doing well. 38 years old, have about 250k in retirement assets total but a couple of companies that are worth a good bit more that are really starting to get going.
Looked at nerd wallet and they recommend Fidelity for an IRA. The Robinhood automatic 3% match for gold members looks intriguing but seems limited to individual stocks with minimal other options and I know people have mixed feelings about robin hood. I am a pretty novice investor who has dabbled with some stocks/crypto and meme plays, kind of want to use these IRAs to learn a bit more how to do this longer term for a few years with a smaller amount of money before maybe rolling over some other money I have in another vehicle to the IRA.
Looking for recommendations for WHERE to open the IRAs. Thanks in advance.
Looked at nerd wallet and they recommend Fidelity for an IRA. The Robinhood automatic 3% match for gold members looks intriguing but seems limited to individual stocks with minimal other options and I know people have mixed feelings about robin hood. I am a pretty novice investor who has dabbled with some stocks/crypto and meme plays, kind of want to use these IRAs to learn a bit more how to do this longer term for a few years with a smaller amount of money before maybe rolling over some other money I have in another vehicle to the IRA.
Looking for recommendations for WHERE to open the IRAs. Thanks in advance.
Posted on 12/18/23 at 11:14 pm to Saint5446
Fidelity is the best in town imo. Best user interface along with access to their zero cost index funds
Posted on 12/19/23 at 7:31 am to UltimaParadox
quote:
Fidelity is the best in town imo. Best user interface along with access to their zero cost index funds
This
Posted on 12/19/23 at 10:13 am to Saint5446
Another vote for Fidelity
Posted on 12/19/23 at 10:16 am to Bow08tie
I’ve had Schwab, TD Ameritrade, Interactive Brokers, and Fidelity.
Fidelity is great, but they don’t keep contribution records by tax year- or at least I can’t see it for my SEP.
I know I have until 15 April to fund it.
Fidelity is great, but they don’t keep contribution records by tax year- or at least I can’t see it for my SEP.
I know I have until 15 April to fund it.
Posted on 12/19/23 at 10:09 pm to Stumpknocker
+1 for vanguard.
I have been happy with them overall and have not had any issues. I have two IRAs (wife and I), three 529s (3 kiddos) and a brokerage/taxable account. All easy to set up and maintain.
Also, I have heard nothing but praise about fidelity. I also usually hear people switching from vanguard to fidelity, but not the other way around. So maybe I need to check out fidelity…
I have been happy with them overall and have not had any issues. I have two IRAs (wife and I), three 529s (3 kiddos) and a brokerage/taxable account. All easy to set up and maintain.
Also, I have heard nothing but praise about fidelity. I also usually hear people switching from vanguard to fidelity, but not the other way around. So maybe I need to check out fidelity…
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