roth ira

[bdelgaud]

I am looking for opinion on opening a roth IRA from Schwab. Seem to have some very ncie ETF/ index options. Anyone recommend schwab or not? If not, is another place better?

[disneysteve]

I think Schwab is a perfectly good choice. I have an IRA there. They offer a variety of commission-free ETFs if that's what you're looking for. Other good choices are Vanguard, Fidelity, and T. Rowe Price. It just depends on what you are interested in.

[Petunia 100]

Schwab is a perfectly good choice.

Just looked it up, and it seems Scwab's total market ETF has an ER of .04%. If you can buy/sell with no commission, hard to see how you could go wrong with that.

[SeanH]

Small thing that comes up every once in awhile - do ask what the termination fee is for you to leave. Probably everyone has one, but it might be worth knowing

[c3troop]

Vanguard

[feh]

Small thing that comes up every once in awhile - do ask what the termination fee is for you to leave. Probably everyone has one, but it might be worth knowing

I recently read (on another site) that Schwab dings people pretty hard if they try to leave (close an account). So, I agree this should be looked into.

Generally speaking, Vanguard has the lowest prices. Personally, I went w/ Fidelity because they offered a bonus to open accounts.

[GrimJack]

I prefer Waterhouse because they will automatically reinvest your dividends - so if you are going to be dividend investing DRiPping should be a must.

[dczech09]

I prefer Waterhouse because they will automatically reinvest your dividends - so if you are going to be dividend investing DRiPping should be a must.

I go through T Rowe Price and they automatically reinvest my dividends/distributions. Actually, I believe that is a pretty standard practice when investments are held in a Roth IRA or similar shelter. Not just a Waterhouse thing.

[GrimJack]

I go through T Rowe Price and they automatically reinvest my dividends/distributions. Actually, I believe that is a pretty standard practice when investments are held in a Roth IRA or similar shelter. Not just a Waterhouse thing.

I thought so too until I opened an account with Scott Trade and found out otherwise. They may have changed procedures in the last 5 years but I closed the account as soon as I realized that.

[wolfy]

I thought so too until I opened an account with Scott Trade and found out otherwise. They may have changed procedures in the last 5 years but I closed the account as soon as I realized that.

Scottrade does flexible reinvestments now, instead of DRIP. Basically you pick which of your stock dividends you want to have reinvested and then weekly or monthly they will purchase (whole only) shares of any stock you want commission free. If you don't have enough for whole shares, the money sits in a separate part of your account you can't touch. They started this about 2 months ago. So far it's okay. we will see what the future holds.

[GrimJack]

Ahh - that is an improvement.

[MatthewC]

Schwab is usually for those who will be using their information for looking into companies. In other words, if you're a researcher type of investor. I have a relative with an account there and she prefers them for that reason. Otherwise, she'd have her money at some other place, like Scottrade.