topic Roth IRA recommendations? in Personal Finance

Roth IRA recommendations?

Gregory1776 — Mon, 22 Jul 2024 05:09:02 GMT

I am in need of opening a IRA to roll my 401K from my old employer and to be able to contribute and save something incase the world doesnt burn down, oh in roughly about 2060-70. What would be a good place to look? went to fidelity website, seems fine, "Admin fee" was 12.50 every 3 months with employer and 14.xx with fidelity or .35%.

There is just a little north of 50,000 with the employer.

im willing to see it grow aggressively, i am 29 in a month and havent really saved these past 9 years or so since ive been working (with the last 4 me pulling my head out of my....

I am also really into the idea of going somewhere and investing in gold and such, with all these numbers really not meaning anything. I'd want that to be held.

Re: Roth IRA recommendations?

keekers — Mon, 22 Jul 2024 06:14:04 GMT

I'm missing something...Fidelity IRAs should be free; the only fees should be the expense ratios that you will pay for the investments themselves (e.g. mutual funds). Where are you seeing an administration fee for an IRA?

Re: Roth IRA recommendations?

titancylinder — Mon, 22 Jul 2024 19:22:43 GMT

@Gregory1776 wrote:
I am in need of opening a IRA to roll my 401K from my old employer and to be able to contribute and save something incase the world doesnt burn down, oh in roughly about 2060-70. What would be a good place to look? went to fidelity website, seems fine, "Admin fee" was 12.50 every 3 months with employer and 14.xx with fidelity or .35%.
There is just a little north of 50,000 with the employer.

im willing to see it grow aggressively, i am 29 in a month and havent really saved these past 9 years or so since ive been working (with the last 4 me pulling my head out of my....

I am also really into the idea of going somewhere and investing in gold and such, with all these numbers really not meaning anything. I'd want that to be held.

Look at Vanguard. One of the only Not for profit financial powerhouses (7.2Trillion+ under management) in world.

Re: Roth IRA recommendations?

ptatohed — Tue, 23 Jul 2024 07:54:05 GMT

If you have interest in the 3% CB Robinhood card, you can consider Robinhood. $50/yr for Gold but you'll have access to the credit card, and their 3% IRA match.

You can also consider B of A. With your $50k IRA, you'll come in at Platinum Tier Preferred Rewards.

Re: Roth IRA recommendations?

titancylinder — Thu, 25 Jul 2024 01:50:08 GMT

@ptatohed wrote:
If you have interest in the 3% CB Robinhood card, you can consider Robinhood. $50/yr for Gold but you'll have access to the credit card, and their 3% IRA match.

You can also consider B of A. With your $50k IRA, you'll come in at Platinum Tier Preferred Rewards.

It should be noted, in order to keep the 3% match with Robinhood, you must maintain the account and gold for 5 years.