Is CharlesSchwas is a good place to put your IRA in its mutual Fund?

Question

I do not know mutual fund much. Please help advice and give specific places I should invest for my IRA. What do you think of charles Schwab?

Answer 1

I had an account with Schawb. The set me up in a no load trust where I could watch the stocks go up in value.

After about 5 years, they changed and started to charge me $15 a quarter for fees. When I objected, they said they had the right to do so.

When I threatened to sue, they sent me nasty letters threatening me (I was going to exercise my freedom of speech and tell the world on the internet what they were doing to me).

When I tried to close the account, they wanted to extort money from me to do so.

What happened? The stock collapsed and they fee'd me to a negative balance and sent me to collections.

I then reported them and they backed off.

I would avoid them at all costs.

Answer 2

Charles Schwab is not a mutual fund, it is a brokerage house that will invest your money in whatever you want. Call them and ask to speak to an investment advisor. Tell him / her that you would like to set up an IRA. They will give you advice on how to do it and what to invest in. You can set up an account over the phone, no muss, no fuss

Answer 3

the following is one element to keep in recommendations about the Roth IRA account. there isn't in any respect any tax on it the position as there is on your 401k. This will change into major even as thinking your asset blend. income generating investments are taxed on the completed tax fee as will be your 401k. subsequently it truly is smart to make investments a minimum of a few of your 401k in income generating sources--bonds, LPs, REITs. The income from each and each of those is taxed on the completed tax fee besides. Now because the Roth IRA is not in any respect taxed, it truly is likewise smart to placed a lot of those sources into the Roth IRA also. and also fairness investments. What you neglected to point are investments outdoors of those 2 vehicles. once you've some, they must be investments that would nicely be taxed on the capital features fee--fairness investments. truly, except you're contained in the utmost tax bracket it truly is smart to have component of your fairness investments outdoors of a 401k. via doing so your entire tax bill will be decreased, fairly if you're a lengthy time period investor. once you've the least hankering to make investments a number of you money in gold and silver those truly must be interior a Roth IRA. both are taxed as collectibles in the different case. yet another element to guage in regard to the 401k is that in destiny years the tax fee may truly be more beneficial, per chance a lot more beneficial, than it presently is. because you truly do not have any determination of putting non-mutual fund investments interior a 401k except for per chance employer inventory, it genuinely does make sense to make investments Roth IRA income employer stocks somewhat than mutual funds. yet be careful. it truly is extremely tempting for most to take a position with their Roth IRA account fairly couple of minutes period trading which in the different case must be taxed on the completed tax fee. that would nicely be a sturdy thanks to lessen that fee of the Roth account. Be somewhat careful. make investments contained in the likes of MCD, WMT, JNJ, BDX, KO, etc. or perhaps ETP with its 8% dividend or PAA with its 7.5% dividend. and do not make investments it in fewer than 5 different organizations.

Answer 4

I like the Janus Fund much better.