Thread: Who would you go with to open a Roth IRA?

AI405- ? That's a no the gov't acct. It's actually a retirement plan for county employees only. At this point, it's starting to rebound well but we can't add to it which sucks because this group has done well historically. He also had a 401k that we rolled over to an IRA with Federated Market. ? I just called today about what to do with my 403b. Let me say first that it is NOT matching. My employer has actually gone...

You seem to have several different accounts and it's unclear exactly how many you have and thus difficult to provide suggestions. A simple list would help. You should consider consolidating them. ? had a 401k that we rolled over to an IRA with Federated Market Isn't that a load ed mutual fund company?

Like Vanguard, it offers lower expense ratios, but unlike Vanguard, there are fewer off the wall funds totally unsuited for retirement accounts. This is a funny way to put it; it's not like folks investing with Vanguard are REQUIRED to invest in the funds you call "totally unsuited."? They can, of course, concentrate on the appropriate funds!

You are right, they are not "required" to invest in off-the-wall-funds, but an inexperienced investor may not be aware that these are "off-the-wall."? I have been investing for over 20 years and my strategies have taken me through multiple periods of illness and unemployment so I have great confidence in my own judgement, but if I recommend something to someone with little expertise, I want to make it as difficult as...

T Rowe Price is a good choice. As is Vanguard. Personally I prefer TRP, but there isn't much to choose. The secret is to pick one, and stick with it. Don't go chasing "hot funds".

Technically you have until April 15, to open an IRA, tradition, Roth or otherwise, for tax year 2009. I know you have other posts here, but what other investments and retirement options are? you using and what are you invested in? Retirement date funds may or may not be suitable. The other day MTL, suggested that these sorts of funds are good choices for many middle class investors.

Who has the best plan and low/no fees? Check out Vanguard

Vanguard is awesome. Been with them for 10 years now.

I went with Fidelity. I didn't have the minimum $2500 required to open one, but they have "SimpleStart" that lets you put in $200/month automatically, thus waiving the minimum requirement.? I also opted to go paperless and that saved me a fee. They have targeted retirement funds as well which is what I am using - look for "Freedom Funds' and pick the year. Mine is 2040!

I opened mine with T Rowe because I didn't have a large lump sum that many of the other providers wanted as a minimum opening deposit. They let me start with an auto-deposit of $50/month, and I could pick the date to have it posted. There is a $10 fee (annual, I believe, due to my low balance) that you can pay by check rather that have it deducted. I have it in the Growth Stock fund for now. I did it all online, it was painless. I have...