T. Rowe Price Retirement funds

**PRICEPLUS** · 11-10-2006, 09:12 AM

Re: T. Rowe Price Retirement funds

I think you'll find T Rowe easy to use. Youcan always switch later to Vanguard or fFidelity once youget enough saved up! The website is also easy to use and I have found theier service to be excellent!

Congrats and best of luck!

**LuxLiving** · 11-12-2006, 05:38 AM

Re: T. Rowe Price Retirement funds

<TABLE class=ofLTable363Toc cellSpacing=0><TBODY><TR><TD id=ofPageTitle colSpan=2>

</TD></TR><TR><TD class=ofGridWidth6>Your post made me remember that Fidelity has something similar. This will work if you've got the 200 a month to contribute.

from Fidelity's website:
"The Fidelity SimpleStart<SUP>SM</SUP> IRA is a simplified way to open a Traditional or Roth IRA with the option of automatic investing.
With as little as $200 a month, you can open a Fidelity SimpleStart Traditional or Roth IRA. With regular, automatic investments<SUP>1</SUP>, you avoid the $2500 initial investment on most Fidelity funds (FundsNetwork funds not eligible). And, as with most Fidelity IRAs, there is no annual account fee.<SUP>2</SUP>

Take the guesswork out of investing in an IRA with a Fidelity Freedom Fund<SUP>�</SUP>. You pick the fund targeted to your retirement date, and our expert money managers do the rest. You can also select certain other Fidelity funds.

Automatic and hassle-free contributions. Set up regularly scheduled transfers from your bank account of at least $200 monthly or $600 quarterly and take advantage of automatic contributions. You'll never have to stand in line again to deposit your annual contribution or wonder where the savings to fund your contribution will come from. This approach can help you stay on track to meet your goals and allow you to take advantage of dollar cost averaging where you buy more shares at a lower price and fewer shares when prices are high.<SUP>4</SUP>

A simple, hands-off investment strategy. Freedom Funds have an asset allocation mix among stocks, bonds, and short-term instruments that is more aggressive when you're younger and gets more conservative as you near retirement. These funds are subject to the volatility of the financial markets in the U.S. and abroad and may be subject to the additional risks associated with investing in high yield, small cap, and foreign securities. Choose the Fidelity Freedom Fund that aligns with your target retirement date and let Fidelity do the rest.

Or choose from over 4,500 other mutual funds or other investments. You can start this year with a one-time contribution and schedule automatic monthly or quarterly contributions for the current year.

IRA brokerage account fee has been eliminated on Fidelity's Traditional, Roth, SEP and Rollover IRAs. Fund expenses and brokerage commissions still apply. Depending on your situation, fees may include low-balance fees, short-term trading fees, and account closing fees.

Before investing, consider the funds' investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus containing this information. Read it carefully."


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**Fern** · 11-15-2006, 07:52 AM

Re: T. Rowe Price Retirement funds

I've invested with T. Rowe Price my entire life and they have an excellent repuation. Their expense ratios are quite reasonable, lower than average; i don't think you can say that overall Vanguard and Fidelity is cheaper, it really depends on the individual fund.

**Aleta** · 11-15-2006, 08:01 AM

Re: T. Rowe Price Retirement funds

Something else that you can do is not to choose your retirement date. We chose one more off into the future so that we could get a better return. Our date was a little too conservative for us. Although we will have to switch soon because our fund has become more aggressive. That's the beauty of the funds; you can switch. Good luck

**kv968** · 11-26-2006, 11:26 AM

Re: T. Rowe Price Retirement funds

I too chose to go with T Rowe Price because of their asset building program. After extensively researching different options they seem to be the best for me. My initial option was to go with Vanguard so I could "pick and choose" my asset allocation and diverification with index funds. However with a their $3000 minimum (except STAR fund) and no asset building program, I couldn't afford to do it. Even if I could, I wouldn't be able to do what I wanted since I'll be investing through a Roth IRA and the yearly minimums on that would limit my ability to choose different funds in the early stages. If I'm not happy with T Rowe I can always switch over at a later point, which you can do also, but I think I'll be just fine with them.

**Ima saver** · 11-26-2006, 12:54 PM

Re: T. Rowe Price Retirement funds

I think you will be fine with T. Rowe Price. I have never heard anything bad about the company. Do they let you put in just $50 a month? That is how I started with american century and that really helped me as a "poor" investor.

**kv968** · 11-26-2006, 03:26 PM

Re: T. Rowe Price Retirement funds

Yup. $50/month to open an account with no initial investment payment needed. Like I said, I would like to have gone with Vanguard and their index funds, but the fund minimums and lack of a monthly payment option doesn't make it feasible for me at the time. And with time being $$$ I wanted to start as soon as I could since I'm a little behind in the IRA game as it is. I did the research and T Rowe sounds like they'll suit me just fine.

**scfr** · 01-03-2007, 06:24 PM

Re: T. Rowe Price Retirement funds

I know this info will come too late for you CraigThor, but Vanguard does have a nice little fund of funds called the STAR fund. It has a minimum investment of only $1,000. It holds 11 different funds, so you end up with a well-diversified, moderately-conservative portfolio. The fund has had pretty decent returns, and since it's Vanguard the expenses are low.

I stumbled on this fund recently when in the process of transferring my husband's IRAs to Vanguard. One of his IRA accounts had less than the $3K Vanguard normally requires, so we chose to go with the STAR fund for that particular IRA account.

VGSTX-Vanguard STAR Fund | Vanguard

https://flagship.vanguard.com/VGApp/hnw/FundsSnapshot?FundId=0056&FundIntExt=INT

T. Rowe Price Retirement funds