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Does anybody have Penfed for IRA options? I was looking at moving my roth over there. I also have a traditional one that is currently in a place I moved it to but do not like.
I really was thinking of moving it to schwab since I wanted their account for the fee free atm but have nixed that idea. My only other option is Merril since I bank with BOA and theoretically the account should show up in my list of accounts??
I was definitely thinking of moving the Roth to Penfed but can't quite figure out from their website how they handle it, it seems ot be CD's?? Anyone can chime in with their experience? Btw I'd be moving Roth from Capital One 360. I completed their survey at Pendfed and requetsed someone cal me about the IRA options but would like to have some knowledge before I speak with them.
@Anonymous wrote:Does anybody have Penfed for IRA options? I was looking at moving my roth over there. I also have a traditional one that is currently in a place I moved it to but do not like.
I really was thinking of moving it to schwab since I wanted their account for the fee free atm but have nixed that idea. My only other option is Merril since I bank with BOA and theoretically the account should show up in my list of accounts??
I was definitely thinking of moving the Roth to Penfed but can't quite figure out from their website how they handle it, it seems ot be CD's?? Anyone can chime in with their experience? Btw I'd be moving Roth from Capital One 360. I completed their survey at Pendfed and requetsed someone cal me about the IRA options but would like to have some knowledge before I speak with them.
I am interested in this, too. I'll be following yur thread.
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
Per penfed website they offer Roth Ira in the form of Share certificates. Financial planning is a very personal thing, but I would not recommend that route. Their highest dividend rate is 1.15%. If you want to go the CD route for your Roth, look for a higher rate.
I would recommend you look into a no load mutual fund/eft with fidelity/vanguard/schwab, etc. Or Simply stay with cap 1 and have fun buying and selling stocks (this is what I do. I am up 20% on the year, but a very small amount i am working with.).
I personally do most of my retirement savings through my employer 401k, and invest in an american fund (we dont get much options).