I am leaving my company pretty soon without another job lined up. It looks like the best option for me right now to move my money to an IRA account. Which broker offers the lowest cost IRA account? Any ideas?
2006-12-26 06:16:36 · 5 answers · asked by sam 1 in Business & Finance ➔ Personal Finance
The cheapest IRA I know of is with Vanguard. There are no broker fees, no 12(b)1 fees and their expenses are the lowest of any mutual fund company around. They are the largest fund house in the country and have hundreds of fund choices.
If you use a broker you will have to pay anywhere from 3% to 6% of your money to them in fees and expenses.
2006-12-26 07:08:06 · answer #1 · answered by waggy_33 6 · 1⤊ 0⤋
It would be in your best interest to find an IRA that invests in mutual funds with long term track records and strong experience managing the portfolio. Some IRA's have fees of only $10 per year.
Email if you want more specific details. jc.berry@yahoo.com
2006-12-26 06:34:06 · answer #2 · answered by MR MONEY 3 · 0⤊ 0⤋
I went with Vanguard because I have more than enough in assets to waive the annual maintenance fee for their IRA accounts. Some other brokerages also do the same.
2006-12-26 07:20:47 · answer #3 · answered by CMass Stan 6 · 0⤊ 0⤋
you may bypass to a brokerage account, yet searching one with out costs will be difficult. you may also bypass for your insurance employer and your economic company. they ought to have low costs or maybe no fee supplies depending upon your cutting-edge organization courting. I have a regularly occurring IRA with my economic company, and a Roth IRA with my insurance employer.
2016-12-01 04:47:29 · answer #4 · answered by lesniewski 4 · 0⤊ 0⤋
I have been dealing with Edward Jones for several years and am well satisfied. I pay $30 / year. They are nation wide. Look in yellow pages
2006-12-26 06:37:38 · answer #5 · answered by tronary 7 · 0⤊ 0⤋