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Best place to open Roth IRA

flyhigh123 690 151 February 17, 2012 at 01:17 PM
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What is a good company with maybe a good opening sign up bonus for opening a Roth IRA?

Thanks!

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#2
My favorite place to open a ROTH IRA is Vanguard [vanguard.com]due to their ultra-low fees and great customer service.
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#3
I use Schwab..they won me over with the BEST customer service Ive ever encountered over the phone..and then later in person.
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#4
Quote from roxwella View Post :
I use Schwab..they won me over with the BEST customer service Ive ever encountered over the phone..and then later in person.
You're right - Schwab does have great customer service.
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#5
If you meet the $25K minimum for Wells Fargo PMA they give you 100 free trades per year for every trading account you have with them. Also good for Roth IRA.
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#6
Vanguard is probably one of the best and the lowest fees. They have a 3k minimum.
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#7
If you plan on mostly investing in mutual funds and etf's, then I've heard very good things about Vanguard like people stated above. I've also heard similar good things about FIdelity I believe. If you plan on being a more active investor or you plan on investing more in individual equities, then I would recommend TDameritrade or Charles Schwab. I have TDameritrade and I really like it a lot. I've heard great things about Charles Schwab also. If you have questions about my experience with TDameritrade, fell free to PM me.
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#8
The "vanguard low fees" drew me in a few years ago, I can't say I'm disappointed ...
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#9
Quote from colgancm View Post :
If you plan on mostly investing in mutual funds and etf's, then I've heard very good things about Vanguard like people stated above. I've also heard similar good things about FIdelity I believe. If you plan on being a more active investor or you plan on investing more in individual equities, then I would recommend TDameritrade or Charles Schwab. I have TDameritrade and I really like it a lot. I've heard great things about Charles Schwab also. If you have questions about my experience with TDameritrade, fell free to PM me.
Your post hit on all three of the "bests": Vanguard, Fidelity, and Charles Schwab. My favorite, of course, being Vanguard.
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#10
I have Vanguard, my last roommate had Fidelity. Haven't heard a complaint from him about Fidelity, and I've had Vanguard for quite awhile, no complaints about them. Check out their websites, check the fees, pick a side Wink.
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#11
Recently just opened up a Roth IRA through TD Ameritrade. 90 days of free trading with at least a $2k minimum deposit made it worth it for me. Always had excellent customer service if I've had to call them and ask a question in the past.
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#12
I don't ever here TD Ameritrade mentioned on these boards. Is there a reason people stay away from them? I opened a Roth with them last year, chosing them because that's who my dad uses. They do offer some free-to-trade ETFs but otherwise I think they're 19.95 a trade.
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#13
Quote from IvoryCadenza View Post :
I don't ever here TD Ameritrade mentioned on these boards. Is there a reason people stay away from them? I opened a Roth with them last year, chosing them because that's who my dad uses. They do offer some free-to-trade ETFs but otherwise I think they're 19.95 a trade.
Generally speaking, when considering a brokerage for a retirement account that will be filled with index funds Vanguard is quite a bit cheaper than TD Ameritrade [vanguard.com].
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#14
I've had TD Ameritrade, Scottrade, and E-Trade.

I like E-Trade a little more than TD Ameritrade, both more than Scottrade. I don't ever talk to an advisor. If you need to I wouldn't hesitate to go with Fidelity or Schwab.
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#15
I use a few brokers and like Just2Trade, with $2.5/trade and no IRA fees if you have >$25k.

Of course, you need to consider the overall cost such as balance (credit or debit) rates, transaction speeds, etc and what works for me may not work for you. More info.

Every year around mid-March Barron's comes up with an excellent article listing brokers. If you can wait another few weeks then I suggest reading the article before opening an account(s). Promotions for opening an account and ongoing free trades are nice, but consider the long-term cost of maintaining the account, because transferring can be a pain.
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