roth ira


S

supurman182

Where do you guys think is the best place to open on ROTH IRA? I was
thinking TD Ameritrade?

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
 
Ad

Advertisements

S

Sandra Loosemore

supurman182 said:
Where do you guys think is the best place to open on ROTH IRA? I was
thinking TD Ameritrade?
It depends. What are you planning to hold in your IRA, and are you
planning to make frequent transactions (say, a monthly fund purchase
as you get paid), or just dump something in once a year? Consider
what you are actually planning to buy, and compare the transaction
fees at the different brokerages. For the frequent-small-investments
strategy, it's better to bypass the fund supermarket and invest
directly with the fund, as many of them have an "automatic investment
plan" in which they waive the usual account minimums as well as all
transaction fees.

-Sandra the cynic

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
 
D

Default User

supurman182 said:
Where do you guys think is the best place to open on ROTH IRA? I was
thinking TD Ameritrade?
It depends a lot. What sort of things do you want to put in it? If
mutual funds from a particular company, it can save you money to open
it with them. If you're planning on purchasing stocks or ETFs, then
it's wise to look at the transaction fees for those.

As far as TD Ameritrade, they aren't too bad as far as the Roth itself.
There's no ongoing expenses, I believe. Be aware that their free trade
deals don't apply to IRA accounts.




Brian

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
 
A

Augustine

Where do you guys think is the best place to open on ROTH IRA? I was
thinking TD Ameritrade?
FWIW, I have Roth IRA accounts at both TDA and at E*Trade.

TDA often corrects itself several times in the tax season, sometimes
as late as 4/14 and the online portal doesn't track a lot of
information about your investments, forcing you to either add it
manually or tracking it separately.

E*Trade is much better at this, but it's been hit hard by the recent
sub-prime crisis (even though I wonder about how TDA was affected by
it). But I still recommend it over TDA.

Note that I've only mentioned service, because the costs and offerings
are very similar.

However, I've never tried Scott Trade nor OptionsHouse among the
discount brokers. And I personally don't see any advantage in the
larger brokers.

HTH

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
 
D

Default User

Augustine said:
However, I've never tried Scott Trade nor OptionsHouse among the
discount brokers. And I personally don't see any advantage in the
larger brokers.
It really depends on the individual's needs. My newer Roth is with
Wells Fargo, because I have the linked PMA checking account and a
regular brokerage account, with enough assets that I get the 100 free
transactions (stock/ETF trades and mutual funds) per account. For
someone just starting out, that's not going to matter.

Just too short of a question without all the rest of the financial
details.




Brian

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
 
W

Will Trice

Augustine said:
FWIW, I have Roth IRA accounts at both TDA and at E*Trade.

TDA often corrects itself several times in the tax season, sometimes
as late as 4/14 and the online portal doesn't track a lot of
information about your investments, forcing you to either add it
manually or tracking it separately.

E*Trade is much better at this, but it's been hit hard by the recent
sub-prime crisis (even though I wonder about how TDA was affected by
it). But I still recommend it over TDA.
However, I've never tried Scott Trade nor OptionsHouse among the
discount brokers.
I've also had experience with E-Trade and TDA (well actually TD
Waterhouse and Datek), as well as Scottrade. I continue to like E-Trade
the best, mostly based on service.

-Will

william dot trice at ngc dot com

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
 
Ad

Advertisements

B

BreadWithSpam

Soem of that may have to do with the investments you have in
the account, not necessarily the brokerage in question.
I've also had experience with E-Trade and TDA (well actually TD
Waterhouse and Datek), as well as Scottrade. I continue to like
E-Trade the best, mostly based on service.
FWIW, I wasn't impressed with TDA. I've been very happy with
both E-Trade and Fidelity.

Over the years, Fido's sent me corrected tax docs, too, but as I
said, I don't blame Fido for that. (Though they did get the
corrections to me far earlier than 4/14 - that's crazy late.)

--
Plain Bread alone for e-mail, thanks. The rest gets trashed.
No HTML in E-Mail! -- http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
http://www.greenend.org.uk/rjk/2000/06/14/quoting

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA Nondeductible IRA Roth Conversion Timing Question 1
Roth IRA 20
Roth ira 0
ira/Roth 8
IRA to Roth 2
ROTH IRA 2
Roth IRA 0
Roth IRA 1

Top