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Roth IRA recommendations?

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Gregory1776
Valued Contributor

Roth IRA recommendations?

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....Smiley Happy

 

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.



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4 REPLIES 4
keekers
Valued Contributor

Re: Roth IRA recommendations?

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?

Message 2 of 5
titancylinder
Frequent Contributor

Re: Roth IRA recommendations?


@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....Smiley Happy

 

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. 

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ptatohed
Senior Contributor

Re: Roth IRA recommendations?

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.   

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titancylinder
Frequent Contributor

Re: Roth IRA recommendations?


@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. 

Fico Scores: F9 EQ 791 TU 803 EX 781 (Oct 2024 updated)
Virtually slap me if I apply for anything else before August 2026 and remind me I'll never get my U.S. Bank Altitude Reserve Visa Infinite (USBANK retired this card this card in 2024).
In garden from July 27th 2024 to August 2026.
New Accounts: 6/12 11/24. DTI less than 5%. TCL Personal 333,163. Auto loan: SETF (estimated) initially owed 47000 / Current 32000 owed @ 60 months / 3.75% / April 2023 origination
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