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

Voters
39. You may not vote on this poll
  • 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%
Page 1 of 3 123 LastLast
Results 1 to 15 of 40

Thread: IRA Advice

  1. #1
    All-Star
    Points: 14,579, Level: 36
    Level completed: 67%, Points required for next Level: 271
    Overall activity: 4.0%
    Achievements:
    10000 Experience PointsVeteran

    Join Date
    Sep 2009
    Location
    La Fox, IL
    Posts
    1,289
    Points
    14,579
    Level
    36
    Thumbs Up
    Received: 13
    Given: 4

    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
    Addict
    Points: 109,913, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 16.0%
    Achievements:
    50000 Experience PointsVeteran
    CarlHungus's Avatar
    Join Date
    Feb 2012
    Location
    Ankeny
    Posts
    5,263
    Points
    109,913
    Level
    100
    Thumbs Up
    Received: 1,704
    Given: 1,046

    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
    Addict
    Points: 150,099, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 18.0%
    Achievements:
    50000 Experience PointsSocialVeteran
    ISUCyclones2015's Avatar
    Join Date
    Dec 2010
    Location
    Akron, OH > Ames > Dallas
    Posts
    6,793
    Points
    150,099
    Level
    100
    Thumbs Up
    Received: 1,012
    Given: 263

    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


    "Be passionate and bold. Always keep learning. You stop doing useful things if you don't learn. So the last part to me is the key, especially if you have had some initial success. It becomes even more critical that you have the learning 'bit' always switched on."

  4. #4
    Addict
    Points: 150,099, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 18.0%
    Achievements:
    50000 Experience PointsSocialVeteran
    ISUCyclones2015's Avatar
    Join Date
    Dec 2010
    Location
    Akron, OH > Ames > Dallas
    Posts
    6,793
    Points
    150,099
    Level
    100
    Thumbs Up
    Received: 1,012
    Given: 263

    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?


    "Be passionate and bold. Always keep learning. You stop doing useful things if you don't learn. So the last part to me is the key, especially if you have had some initial success. It becomes even more critical that you have the learning 'bit' always switched on."

  5. #5
    Addict
    Points: 109,913, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 16.0%
    Achievements:
    50000 Experience PointsVeteran
    CarlHungus's Avatar
    Join Date
    Feb 2012
    Location
    Ankeny
    Posts
    5,263
    Points
    109,913
    Level
    100
    Thumbs Up
    Received: 1,704
    Given: 1,046

    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.

  6. #6
    Addict
    Points: 132,102, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 4.0%
    Achievements:
    SocialVeteran50000 Experience Points
    ianoconnor's Avatar
    Join Date
    Nov 2007
    Location
    Des Moines
    Posts
    8,040
    Points
    132,102
    Level
    100
    Thumbs Up
    Received: 989
    Given: 2,128

    Re: IRA Advice

    Vanguard is the best.



  7. #7
    Speechless
    Points: 267,118, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    VeteranSocial50000 Experience PointsOverdrive
    cowgirl836's Avatar
    Join Date
    Sep 2009
    Posts
    20,630
    Points
    267,118
    Level
    100
    Thumbs Up
    Received: 4,138
    Given: 4,235

    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.


    new signature ideas needed; inquire within

  8. #8
    Rookie
    Points: 11,718, Level: 32
    Level completed: 67%, Points required for next Level: 232
    Overall activity: 0%
    Achievements:
    Veteran10000 Experience Points

    Join Date
    Jan 2011
    Location
    Iowa City, IA
    Posts
    358
    Points
    11,718
    Level
    32
    Thumbs Up
    Received: 10
    Given: 61

    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.



  9. #9
    Pro
    Points: 42,001, Level: 63
    Level completed: 27%, Points required for next Level: 949
    Overall activity: 22.0%
    Achievements:
    25000 Experience PointsVeteran

    Join Date
    Sep 2011
    Posts
    3,372
    Points
    42,001
    Level
    63
    Thumbs Up
    Received: 355
    Given: 30

    Re: IRA Advice

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



  10. #10
    All-Star
    Points: 28,559, Level: 51
    Level completed: 92%, Points required for next Level: 91
    Overall activity: 6.0%
    Achievements:
    1 year registered25000 Experience Points
    khardbored's Avatar
    Join Date
    Oct 2012
    Location
    Middle of the Midwest
    Posts
    1,818
    Points
    28,559
    Level
    51
    Thumbs Up
    Received: 427
    Given: 1,041

    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
    Legend
    Points: 219,526, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 26.0%
    Achievements:
    SocialCreated Album picturesVeteran50000 Experience Points
    dmclone's Avatar
    Join Date
    Oct 2006
    Location
    50131
    Posts
    14,509
    Points
    219,526
    Level
    100
    Thumbs Up
    Received: 665
    Given: 972

    Re: IRA Advice

    TD Ameritrade



  12. #12
    Addict
    Points: 59,215, Level: 75
    Level completed: 45%, Points required for next Level: 835
    Overall activity: 4.0%
    Achievements:
    Veteran50000 Experience Points
    pulse's Avatar
    Join Date
    Mar 2006
    Posts
    5,194
    Points
    59,215
    Level
    75
    Thumbs Up
    Received: 194
    Given: 132

    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
    Pro
    Points: 57,758, Level: 74
    Level completed: 48%, Points required for next Level: 792
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points

    Join Date
    Nov 2006
    Location
    Madison, WI
    Posts
    2,190
    Points
    57,758
    Level
    74
    Thumbs Up
    Received: 101
    Given: 487

    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
    All-Star
    Points: 31,177, Level: 54
    Level completed: 30%, Points required for next Level: 773
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points

    Join Date
    Nov 2009
    Posts
    1,167
    Points
    31,177
    Level
    54
    Thumbs Up
    Received: 75
    Given: 163

    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
    Legend
    Points: 219,526, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 26.0%
    Achievements:
    SocialCreated Album picturesVeteran50000 Experience Points
    dmclone's Avatar
    Join Date
    Oct 2006
    Location
    50131
    Posts
    14,509
    Points
    219,526
    Level
    100
    Thumbs Up
    Received: 665
    Given: 972

    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.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: Cyclones.TV
  • FOOTBALL: Iowa State vs. UNI
  • September 5, 2015
  • 07:00 PM