I currently have a 401k, but i think that the Roth IRA is the way to go. I don't get matching money plus you can't beat money growing tax free!
2007-03-18 11:08:24 · 5 answers · asked by en tu cabeza 4 in Business & Finance ➔ Investing
ROTH IRA's are a great way to go in addition to your 401K.
Stay away from banks & insurance companies for long term investments.
Some Mutual Fund companies & Brokerage companies would be best.
Some suggestions are;
Vanguard
Fidelity Brokerage
Schwab Brokerage
T. Rowe Price
Dodge & Cox
Learn as much as you can about retirement investing. If you're not inclined.... the above companies do have products they can suggest.
2007-03-18 15:44:18 · answer #1 · answered by Common Sense 7 · 1⤊ 0⤋
You can start a Roth IRA at a bank. But banks charge you yearly maintenance fee & high commission on trades.
Brokerages like Scottrade & Fidelity have no fee IRAs and charge you under 10 bucks per trade.
2007-03-18 11:35:36 · answer #2 · answered by Geeeyaaa 4 · 1⤊ 0⤋
With $5000 -- and yet another $5000 next 12 months -- i might bypass with forefront. the nice and cozy button is which you would be able to pay a $20 fee this 12 months and each 12 months after that till you have $10,000 in the account. After which you will have not got any expenditures and get right of entry to to the main suitable, maximum inexpensive objective portfolio money in the industry. short. elementary. much less costly.
2016-10-19 00:37:17 · answer #3 · answered by Erika 4 · 0⤊ 0⤋
Look into ones provided by brokerage firms (Fidelity ect.). You want: no restrictions on what funds you can be in and no charges for trading funds. Some places charge fees or restrict the fund families.
2007-03-18 11:20:09 · answer #4 · answered by historydoc 3 · 0⤊ 0⤋
True. Go to the Financial Officer of your bank.
2007-03-18 11:12:23 · answer #5 · answered by dtwladyhawk 6 · 0⤊ 1⤋