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I have just lost my job and I have a 401k and a cash balance pension that will be coming my way. Obviously I’m not going to be taking the disbursement but will roll them into an IRA. The problem is that I don’t want to have to go through an advisor and pay extra fees to him/her. I want to just open my own account and handle it myself. Is this possible? Any advice or pitfalls to avoid?
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Re: How do I set up an IRA online?
Yes, go to www.vanguard.com or www.fidelity.com. Pretty painless. -
Re: How do I set up an IRA online?
I agree 100% with Sweeps. Either of those companies is a great choice. I know from experience that the process with Vanguard couldn't be easier. I assume Fidelity is equally simple.Steve
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Re: How do I set up an IRA online?
Yes, fidelity is very simple as wellComment
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Re: How do I set up an IRA online?
Or give www.troweprice.com a try. They have great IRA options there too. Man, you'd think that I worked for the company (although I don't)
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Re: How do I set up an IRA online?
Daylily I agree with Sweepsplayer ... those are the two places I have my IRAs. Vanguard is known for low fees so that might be a better choice for some funds.Comment
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Re: How do I set up an IRA online?
I don't disagree but would add Janus to the discussion.
This link shows a page on their site, which contains details on opening a Direct Rollover IRA. If nothing else, it can serve as a good source of basic information regardless of where you decide to open an account.
This link connects to a similar page of information from Fidelity.
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Re: How do I set up an IRA online?
I don't disagree but would add Janus to the discussion.
This link shows a page on their site, which contains details on opening a Direct Rollover IRA. If nothing else, it can serve as a good source of basic information regardless of where you decide to open an account.
This link connects to a similar page of information from Fidelity.
Comment
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Re: How do I set up an IRA online?
Try Scottrade as they have a rollover IRA with no fees, www.scottrade.com
This would be an option if you want a discount broker and are willing to do your own reseachComment
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