Best place to open a Roth IRA

**PRICEPLUS** · 12-02-2005, 09:49 AM

Re: Best place to open a Roth IRA

As I did not have all the money to open a Roth I went with an asset builder account with T.Rowe. I build it up a bit at a time. There are others that allow you to do the same. Vanguard is good but I don't know if you have to put a minimum up!

**BAGAGT1** · 12-02-2005, 12:07 PM

Re: Best place to open a Roth IRA

A Roth IRA is just a shell account. Within that shell account, you can put your money into investment vehicles like mutual funds, stocks, ETF's, money market funds, bonds, etc.... I doubt you will find any "bonuses" for opening a Roth IRA, as typically it is used as a means for investing for retirement.

So what you really need to look into, is how do you want to invest the money that you are going to place in a Roth IRA? If you are interested in mutual funds, then look at the various mutual fund companies like T.Rowe Price, Vanguard, etc. If you are looking at investing directly into stocks, bonds, ETF's, then you might want to look for a brokerage account companies like Schwab, E*trade, Scottrade etc.

The benefits of the Roth IRA, is that the earnings portion of the account is tax free within the limitations of the plan (cannot remove the earnings until 59 1/2). You also have access to the contributions portion of the account should you ever need it. Since the account is funded with after tax dollars, there is no immediate tax benefit like there is with a traditional IRA.

**akaivyleaf** · 12-02-2005, 01:09 PM

Re: Best place to open a Roth IRA

I like T.Rowe Price

Sharon

**BAGAGT1** · 12-02-2005, 01:28 PM

Re: Best place to open a Roth IRA

If you are interested in a discount brokerage account, I like Scottrade.

**jmjj215** · 12-02-2005, 02:15 PM

Re: Best place to open a Roth IRA

I like Vanguard - just to balance things out here

**sweeps** · 12-02-2005, 02:54 PM

Re: Best place to open a Roth IRA

Originally posted by BAGAGT1

A Roth IRA is...

I know -- I'm probably going to choose Vanguard as I like their low-cost index funds. I just want to make sure there aren't any bonus deals out there that I should be aware of.

**gakline** · 12-03-2005, 05:26 PM

Re: Best place to open a Roth IRA

Don't forget Fidelity

**TBH** · 12-07-2005, 12:35 PM

Re: Best place to open a Roth IRA

A second vote for Fidelity. Lots of good low-cost funds, and they waive your annual fee if you receive your statements online. But the best part is their online interface is really, really easy to use.

**Tree0164** · 12-08-2005, 01:59 AM

Re: Best place to open a Roth IRA

I had my Roth at Vanguard. But everything else is at Fidelity.

Best place to open a Roth IRA