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Picking a ROTH IRA

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  • #1

    Picking a ROTH IRA

    My employer sponsored 403(b) is with Fidelity so I was just going to open a ROTH IRA with them...but then realized I should do my research first in case another vendor might be more appropriate.

    What are the things I should look for when choosing a vendor to go with? I have no idea where to start....
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  • #2
    Look for a place that offers a low or no fee to have your Roth. Fidelity is a good option.

    Any brokerage firm will allow you to pretty much invest in anything within your Roth, so the main consideration should be whether or not there is an annual service fee to have the account.
    Brian

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    • #3
      The 3 biggies are Vanguard, Fidelity and T. Rowe Price. Any one of those is a great choice. Picking between them is probably more personal preference than science.
      Steve

      * Despite the high cost of living, it remains very popular.
      * Why should I pay for my daughter's education when she already knows everything?
      * There are no shortcuts to anywhere worth going.

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      • #4
        Other good companies are Schwab, TD Ameritrade, and Vanguard. As DS said, it really is just a matter of preference for which firm you like working with since so many of them have low or no maintenance fees and competitive transaction costs on mutual funds and stocks. Having it at Fidelity is not necessary with aggregating websites like Mint or Yodlee, so again, it's all about what really works best for you in terms of ease of use of the website, whether you are an active trader, and/or your preference for mobile apps, mobile deposits, etc.

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        • #5
          Go with a good growth stock mutual fund that has a long tack record of success. 12% over 30+ years is not hard to find

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          • #6
            TIAA-CREF roth

            Does anybody have any experience with TIAA-cred roth IRA. I am considering one.

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            • #7
              My companies 401k is through Vanguard, I was also thinking about opening a Roth IRA. I am quite happy with vanguard, would there be any reason I shouldn't open my Roth IRA though the same company, or should I go elsewhere?

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              • #8
                Originally posted by amarowsky View Post
                My companies 401k is through Vanguard, I was also thinking about opening a Roth IRA. I am quite happy with vanguard, would there be any reason I shouldn't open my Roth IRA though the same company, or should I go elsewhere?
                No reason at all.Vanguard is an industry leader. I have multiple accounts with them, both retirement and non-retirement.
                Steve

                * Despite the high cost of living, it remains very popular.
                * Why should I pay for my daughter's education when she already knows everything?
                * There are no shortcuts to anywhere worth going.

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                • #9
                  Originally posted by sarah View Post
                  Does anybody have any experience with TIAA-cred roth IRA. I am considering one.
                  TIAA-Cref is a reputable company. Be aware that they will be happy to let you buy an annuity inside of your IRA. I strongly recommend you avoid doing that.


                  Is there a particular fund you are considering?

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