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Roth IRA

92 54 June 27, 2017 at 07:08 AM
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Looking for some advise on Roth IRA.
Which company is the best to go with? How much should I be putting in? Any other recommendation would be great. Thanks

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killroy was here
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#2
vanguard is good so you can pick up their index funds (super low expense ratios). should max it every year if you can.
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Quote from BiGspendr
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Stick a milk bone us ur ass, and let the dog eat it. Works like a charm! http://i.slickdeals.net/images/smilies/emot-LMAO.gif
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#3
Quote from bob7862
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Looking for some advise on Roth IRA.
1. Which company is the best to go with?

2. How much should I be putting in?

3. Any other recommendation would be great. Thanks
1. Vanguard and Fidelity are the best

2. The maximum every year, if you are younger than 50 it's $5500, if older than 50 it's $6500.

3. Invest in low cost index funds. I'd recommend starting with Vanguard's target date funds.
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#4
As for how to invest. Everyone has a different approach. No approach is truly wrong if you are contributing.

I do $100/week into my Roth. If the market takes a dip, I usually invest a large portion or the rest of my $5500 allowed and cancel my weekly contributions. This has worked very well for me.
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#5
Any promotions going on currently? Should I wait?
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#6
Quote from bob7862
:
Any promotions going on currently? Should I wait?
Most promotions are for transferring large existing balances.

Vanguard, Fidelity, and Charles Schwab are all good low-cost brokerages to consider.

Schwab and Fidelity have been lowering costs to compete with Vanguard recently and Schwab's target date funds currently have a lower expense ratio and lower minimum investment requirements than comparable Vanguard funds.
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#7
Buy Vanguard ETFs at Merrill Edge to qualify for bonuses, banking, and credit card perks.

Screw Fidelity. Their level of service is shit.
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#8
I use Schwab. Target date funds don't appeal to me. Schwab as many low cost ETFS (0.03% US broad market and US large cap)and they trade for free.
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#9
I have wealthfront and betterment. I would recommend checking out a Roth with wealthfront. Don't need to do much after you invest.
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#10
Betterment is who I use... For three accounts anyway (my Roth, an older rolled over traditional IRA, and my wife's Roth). I love the simplicity of it, and they have some of the best customer service I have ever dealt with in the financial world, especially considering their dirt cheap fees (it's robo-advising, after all).
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#11
Any of the above-mentioned companies would be fine. The important thing is to max out your contributions
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#12
anyone has experience with fidelity GO robo advisor
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#13
I agree if you can afford it you should max out the Roth IRA contributions.

Which company you should pick depends on a few things:

Do you trade a lot? Or are you just going to invest and go for normal growth!

Because of the huge tax benefits... some people have other retirement accounts and REALLY try to grow their Roth IRA by being more risky!

Also depends I you trade penny stocks, index funds, commodities, you can actually start a company and invest in property as well, penny stocks.

I think there needs to be more info in order to give you the best choice for your situation.

Hope that helps
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#14
Contribute the Maximum $5,500 if you qualify (income less than $100 thousand something).

I would open an account with Schwab or Ameritrade and overtime invest in no fee ETFs that follow a broad index.
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#15
Take Wealthfront's free advice. You don't need their pay service.

Check all account fees, including annual maintenance fees and any account-closing fees.
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