superrjackson
New Poster
Cash: $ 0.45
Posts: 2
Joined: 21 Nov 2004
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| Roth IRA help |
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im intersted in opening a roth ira and was wondering which place was the best to open one with and what kind of options do i have to invest it in (e.g. mutual funds, bonds, cds)? thanks
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Sun Nov 21, 2004 10:26 pm |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
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I have not opened an IRA Yet but i am sure there are others on here that would be glad to give you some advice.... But IRA's are a great place to invest, with early opportunity to withdrawl for education, home buying etc...
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Sun Nov 21, 2004 10:29 pm |
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superrjackson
New Poster
Cash: $ 0.45
Posts: 2
Joined: 21 Nov 2004
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what do you guys think of etrade, scottrade, sharebuilder, and ameritrade for roth ira accounts?
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Sun Nov 21, 2004 11:40 pm |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 796
Joined: 19 Sep 2004
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quote:
Originally posted by superrjackson
what do you guys think of etrade, scottrade, sharebuilder, and ameritrade for roth ira accounts?
I think those are great for stock trading, but i don't know about them for IRA's...
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Mon Nov 22, 2004 1:26 am |
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BlankenshipFP
Money Talk Advisor
Cash: $ 79.56
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
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Any of the low-cost providers are fine for custody of an IRA account. I have experience working with Ameritrade, Vanguard, and American Century, and the differences are minimal. It comes down to which company are you most comfortable with, and what services you would like from your provider.
Regarding what types of investments, most folks that are just starting out are best served by mutual funds - for their instant diversification, low cost, and relative simplicity.
Hope this helps -
Jim Blankenship, CFP®, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
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Mon Nov 22, 2004 12:24 pm |
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damondietz
New Poster
Cash: $ 0.40
Posts: 2
Joined: 14 Dec 2004
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I happen think opening a roth ira with ano load mutualfund company would be best. You can own a variety of funds, trade between the funds that particular company offers, etc. I happen to like T Rowe Price. But any noload MF company will do
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Thu Dec 16, 2004 6:30 pm |
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harpstein
New Member
Cash: $ 0.85
Posts: 4
Joined: 17 Dec 2004
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My wife and I have ours at TDWaterhouse. At $17 for a MO, you wouldn't want it there for active trading, but they offer tons of funds. Some with no transaction fee, most with a $30 fee. But you only pay it when you buy and sell. Invest 1000 in each of 2-3 funds, then just setup auto-withdrawal from your checking and setup auto-investing which is free. Very low-cost way, and their website if very simple and plenty of research is available as well on funds and stocks. With all that setup, I don't have to do anything except watch the funds from time to time to see how they're performing.
My only compaint is it took me 6 months to transfer from an old Roth because they never told me that my original transfer request was rejected because I owed Morgan Stanely a $15 fee because my account with them was under the min.
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Fri Dec 17, 2004 9:46 pm |
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