View Poll Results: What IRA Brokerage firm do you use?

Voters
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  • Scottrade

    3 7.69%
  • Fiedelity

    4 10.26%
  • Charles Schwab

    3 7.69%
  • Vanguard

    21 53.85%
  • E-trade

    1 2.56%
  • Other

    7 17.95%
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Thread: IRA Advice

  1. #1
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    IRA Advice

    I am planning on opening a Roth IRA here in a couple of days and I would like to know what some people think as far as companies to do this. I currently have a brokerage account through Scottrade, but would be willing to give this up if there is something out there better. I am looking for a company that offers me a wide range of ETF's and Mutual Funds along with stocks, bonds, and other types of investments if I choose. Of course, I want low fees. Please let me know what kind of services you all use.

    As far as a Traditional vs. Roth, I am 26, so a Roth will benefit me.

    Thanks!



  2. #2
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    Re: IRA Advice

    Take a look through this. http://www.clarkhoward.com/news/clar...nt-guide/nFZK/

    Roth is definitely the way to go. As for company, Vanguard is the best IMO



  3. #3
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    Re: IRA Advice

    Mine is through Charles Schwab.

    No account fees if you have a minimum account balance of $1000 or $100 deposit a month

    $8.95 trades.

    Love the Schwab



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    Re: IRA Advice

    Quote Originally Posted by CarlHungus View Post
    Take a look through this. http://www.clarkhoward.com/news/clar...nt-guide/nFZK/

    Roth is definitely the way to go. As for company, Vanguard is the best IMO
    Is Vanguard really no fees? Like none?



  5. #5
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    Re: IRA Advice

    Quote Originally Posted by ISUCyclones2015 View Post
    Is Vanguard really no fees? Like none?
    I think it's like 1/10 of a percent or something like that. They have the lowest fees out of everyone though

    Edit: 0.21% or 0.22%


    Last edited by CarlHungus; 06-12-2014 at 09:36 PM.

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    Re: IRA Advice

    Vanguard is the best.



  7. #7
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    Re: IRA Advice

    Quote Originally Posted by CarlHungus View Post
    I think it's like 1/10 of a percent or something like that. They have the lowest fees out of everyone though

    If Warren Buffet recommends it, that's pretty good to me.


    taking a 2x4 to stupid

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    Re: IRA Advice

    If you're going to use Vanguard funds, use Vanguard. I'm a believer in their stuff and use them. It sounds like you might be in the "I can beat the market by choosing the right funds" group. Good luck and godspeed.



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    Re: IRA Advice

    I use Ameritrade. 9.99 trades after the free ones and no fees.



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    Re: IRA Advice

    I have a brokerage account thru Wells Fargo. If you have a "total relationship" (checking, savings, investments, debt) of $25,000 or more you have zero fees and 100 free trades per year. Would not be appropriate for everyone, but works for me.



  11. #11
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    Re: IRA Advice

    TD Ameritrade



  12. #12
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    Re: IRA Advice

    I have an Ameritrade and Fidelity account. I don't think Fidelity has a huge range of funds, but their app is nice.
    Fidelity has a nice site for research and reporting. Ameritrade seems to have more indepth analysis tools. They both serve their purpose well enough. Fees are low.



  13. #13
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    Re: IRA Advice

    Scottrade strung me along for years promising free dividend reinvesting on stocks. They implemented something akin to it recently but screw them. Happy with Schwab. Lower fees for some of their ETF's than Vanguard (see SCHB, for example).


    I was a victim of a series of accidents, as are we all.

  14. #14
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    Re: IRA Advice

    Don't understand why you'd go with a TD Ameritrade, Scottrade, etc. and get charged $10/trade. I invest in my Roth IRA twice a month. That's $20/month just to invest, not to mention the front end loads and high expense ratios on some funds.

    Vanguard has no fees to trade and offers their own funds with no front end loads and the lowest expense ratios on the market. Compound that savings into your retirement account for 35 years and the difference can be in the magnitude of $500,000 savings.



  15. #15
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    Re: IRA Advice

    Quote Originally Posted by Dopey View Post
    Don't understand why you'd go with a TD Ameritrade, Scottrade, etc. and get charged $10/trade. I invest in my Roth IRA twice a month. That's $20/month just to invest, not to mention the front end loads and high expense ratios on some funds.

    Vanguard has no fees to trade and offers their own funds with no front end loads and the lowest expense ratios on the market. Compound that savings into your retirement account for 35 years and the difference can be in the magnitude of $500,000 savings.

    Places like TD Ameritrade also have no fee mutual funds available if that's what you're looking to buy.



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