Who is your ROTH IRA with?

posted 3 years ago in Money
Post # 3
Member
6073 posts
Bee Keeper
  • Wedding: August 2012

@amandasouthcarolina:  We use TIAA-CREF.  I think needed $100 to start it up.  There is no account fee to own a TIAA-CREF IRA; however, brokerage transaction fees may apply.  I am unsure what those are, but they always say they are low!

We have ours set pretty aggressive (which means mostly stocks/equities). I let the guy show me a divvying option and then I say OK.

Post # 5
Member
3210 posts
Sugar bee
  • Wedding: January 2014

We will be opening ours with Vanguard pretty soon. My dad’s financial advisor recommended it as a good starting place for young people, as you don’t need much money to open it and the fees are much lower than other places.

Post # 6
Member
251 posts
Helper bee

Commenting to follow. I’ve read a few articles comparing different plans but am wondering about ‘real life’ recs..

Post # 7
Member
6073 posts
Bee Keeper
  • Wedding: August 2012

These are the three names I always hear to start out with, if your own employer does not offer you any options.

 

Roth IRA with Vanguard ($1000 start up)

https://investor.vanguard.com/what-we-offer/iras/steps-to-open-an-ira

 

Roth IRA with Fidelity (ZERO opening or maintenance fees)

https://www.fidelity.com/retirement-ira/ira/roth-ira

 

Roth IRA with T. Rowe Price ($1000 start up)

https://individual.troweprice.com/public/Retail/hUtility/Open-an-Account-Get-Started?path=new&acctType=rothira&src=XXXXXXXXXXX

 

Now if you don’t have $1,000 ready to invest, don’t give up. Ask the brokerage or fund company if you can qualify for an even lower initial minimum investment if you agree to make ongoing investments, rather than one lump-sum investment. For example, at the T. Rowe Price no-load fund company, the typical Roth IRA minimum is $1,000. But if you sign up for the Systematic Purchase account, where you agree to make an investment every month your minimum drops to just $50. That’s YF&B friendly if you ask me. – http://apps.suzeorman.com/igsbase/igstemplate.cfm?SRC=DB&SRCN=&GnavID=21&SnavID=39&TnavID=123

Seems like brokerage transaction fees are the normal fees, but these all have no maintenance fees.

Post # 8
Hostess
24457 posts
Honey Beekeeper
  • Wedding: June 2009

We have ours with Firstrade but we know what to pick so we go for low commissions. Fidelity has good funds for people who aren’t sure what to pick.

FYI – Brokerage transaction fees occur every time you buy or sell a stock, bond or fund.

Post # 9
Member
7090 posts
Busy Beekeeper
  • Wedding: August 2012

Vanguard.

Post # 10
Member
8910 posts
Buzzing Beekeeper
  • Wedding: August 2013 - Rocky Mountains USA

@howsweetitis:  +1. Vanguard. My dad does a ton of investing and really really likes them.

Post # 11
Member
1822 posts
Buzzing bee
  • Wedding: May 2013 - Pavilion overlooking golf course scenery, reception at banquet hall

I’m in the early stages of setting up a different kind of account with Vanguard, but I’ve heard nothing but good things about them so I plan to open a Roth with them by the end of the year as well (Just realized that’s in a month and a half, eep, better hurry)

Post # 13
Member
5199 posts
Bee Keeper
  • Wedding: April 2013

Vangaurd.  $1000 to start up, but after that is extremely low fee and flexible.

Post # 14
Member
2305 posts
Buzzing bee
  • Wedding: March 2013

Mine’s with Fidelity.

As far as I’m aware there was no minimum, and I never get charged any fees.

Post # 15
Member
509 posts
Busy bee
  • Wedding: October 2015

@amandasouthcarolina:  Another vote for Vanguard! I’ve been very happy with them – especially the target date retirement funds – so convenient!

Post # 16
Member
194 posts
Blushing bee
  • Wedding: November 2014

I have Wells Fargo, but FI has Vanguard and we like them much better. All of your account stuff online is super easy to understand. We looked into Fidelity and T.Rowe Price too and liked Vanguard the best by far. I am so glad we started these accounts early, IRA’s are the best!

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