Where to start a Roth?

[AustinInDallas]

just wondering which place has the lowest fees, easiest start up.

Minimum start up shouldn't be a problem. I prolly wont be moving it around much, maybe once or twice a year.

 

[Train]

have my Roth with USAA

They are great, if you can get them.

 

[AustinInDallas]

have my Roth with USAA

They are great, if you can get them.

I have USAA, but from what I have read, they actually have higher fees. But I am open to all advice. What do you like about them?

 

[Brainonska511]

Vanguard. Lots of low-cost funds to choose from.

 

[nickbits]

Another vote for vanguard

 

[bignateyk]

Vanguard.

 

[xeemzor]

It matter more in which funds you invest compared to the provider. Try to find a good index fund with low fees such as the Vanguard Target Retirement funds. Once you have more money you can build a lazy portfolio: http://www.bogleheads.org/wiki/Lazy_portfolios

 

[Golgatha]

Another vote for vanguard

3rd for Vanguard, although I purchase through TD Ameritrade. I like that they have local offices here in KCMO, but I do most of my investing for retirement and otherwise through them Online.

 

[Scarpozzi]

I use ING for a lot of stuff, so I have one through Sharebuilder.

 

[s0me0nesmind1]

Vanguard. Lots of low-cost funds to choose from.

ding ding. Winner.

Toss it in a vanguard set year retirement fund and forget about it until it's time to contribute next year.

 

[xanis]

+1 for Vanguard

 

[ultimatebob]

I use Fidelity for my IRA. They seem to offer a pretty good solution of no load/no transaction fee funds to choose from.

 

[Brainonska511]

ding ding. Winner.

Toss it in a vanguard set year retirement fund and forget about it until it's time to contribute next year.

Or if you want to be slightly less lazy, you can choose a few classes of index funds that have even lower fees than the Target Retirement funds (basically mimic the Target funds on your own). Plus, once you hit $10k, you can get Admiral shares to further reduce the costs.

 

[overst33r]

Vanguard. Overall the cheapest

 

[DaveSimmons]

Vanguard.

I'd also recommend buying and holding fund shares until retirement instead of moving them around even once a year.

Their Target <year> funds are a pretty good first fund. It's a fund made up only of low-expense index funds -- US and world stock funds plus a small amount of bond funds that increase over time as you near the target year.

 

[7window]

trowe or fidelity

 

[AustinInDallas]

well. there goes 5.5k in the 2050 target fund.
I went with vanguard.
Thanks everyone

 

[overst33r]

well. there goes 5.5k in the 2050 target fund.
I went with vanguard.
Thanks everyone

Good job. Stay the course.

 

[Train]

I have USAA, but from what I have read, they actually have higher fees. But I am open to all advice. What do you like about them?

I guess I never really shopped around for fees.

I know for some products I can squeak out slightly higher returns if I went to ING or something, but for the small amount of money I am putting in, is it really worth it?

Mainly I like having so many financial accounts in one place.

With USAA I have checking, savings, mortgage, car insurance, homeowners, life insurance, a MasterCard, 529 for each kid, a kid savings acct for each kid, Roth IRA, and a joint savings acct with the wife.

And when I have a question I can just call and they get someone on the phone who frikkin knows what they are talking about.

 

[Brainonska511]

I know for some products I can squeak out slightly higher returns if I went to ING or something, but for the small amount of money I am putting in, is it really worth it?

Might want to take a look at this:

https://investor.vanguard.com/mutual-funds/low-cost

 

[nageov3t]

mine is with Charles Schawb, seemed easiest since I do my banking with them already.

picked out a couple mutual funds based on reviews/morningstar ratings, and more or less balance deposits between them.

 

[dud]

I invest with Vanguard and T. Rowe Price. Just invest your Roth in an Index fund and be done with it. Very low charges and index funds outperform 80% of actively managed funds.

 

[AustinInDallas]

I invest with Vanguard and T. Rowe Price. Just invest your Roth in an Index fund and be done with it. Very low charges and index funds outperform 80% of actively managed funds.

"You can't beat the street"

 

[monkeydelmagico]

Vanguard is the "walmart of etfs" http://www.bloomberg.com/news/2013-12-04/the-wal-mart-of-the-etf-world-is-raking-in-the-assets.html

That being said I use USAA but am considering a change.