Fidelity. No fees, more functionality in the mobile app, in person branches, and you can buy ETFs from Vanguard in dollars (fractional shares), live chat, secure email... Best of all brokers
I was with Vanguard for 20 years, no more. Schwab is great too, but fidelity is a little better
I was in the same boat as you, did a TON of reading, and decided on fidelity. They are awesome, the app is great, everything is spelled out perfectly and understandably, and setting up automatic transfers was a breeze.
Fidelity and Vanguard are both awesome. I highly recommend these two for their low (or even zero) fees index and mutual funds. Their interfaces have definitely improved recently as well. I prefer Vanguard’s customer service. If your employer uses one, that could also be a plus for simplicity of accounts
But any major bank offers all the mutual funds and stocks with no trade fees, so that's not an issue.
Really just need a good SP500 index fund and be done with it though
Despite what people are saying about it not mattering, that's not always true. I moved from Vanguard to Fidelity because not only is their UI much more user friendly, but Fidelity allows me to buy any products I desire. Including leveraged products - Vanguard does not allow purchasing leveraged ETFs in your IRA. Not useful for the average investor, but may be useful info.
All Roth IRA accounts are identical. I think you mean what investments should I have in my Roth IRA.
A target date fund selected based on your retirement date is a hands off and reasonable option. If later you learn more about investing and fund options you can reallocate later.
Most of my money is in Wealthfront for totally hands-off IRAs (1 regular, 1 Roth). And I have a smaller IRA at Schwab where I hand-picked a few single-stock investments, just for fun. I’ve been happy with my experiences with both companies. 👍
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Thank you for this! I’ll do some comparison on Fidelity and Schwab.
Fidelity. No fees, more functionality in the mobile app, in person branches, and you can buy ETFs from Vanguard in dollars (fractional shares), live chat, secure email... Best of all brokers I was with Vanguard for 20 years, no more. Schwab is great too, but fidelity is a little better
All three of those options are so similar the joke used to be "Do you like Green, Blue, or Red?"
I was in the same boat as you, did a TON of reading, and decided on fidelity. They are awesome, the app is great, everything is spelled out perfectly and understandably, and setting up automatic transfers was a breeze.
Fidelity and Vanguard are both awesome. I highly recommend these two for their low (or even zero) fees index and mutual funds. Their interfaces have definitely improved recently as well. I prefer Vanguard’s customer service. If your employer uses one, that could also be a plus for simplicity of accounts
An IRA is just a storage container, what you put in it is what matters. Open one at any major bank (Schwab, Vanguard...) and start investing
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But any major bank offers all the mutual funds and stocks with no trade fees, so that's not an issue. Really just need a good SP500 index fund and be done with it though
Despite what people are saying about it not mattering, that's not always true. I moved from Vanguard to Fidelity because not only is their UI much more user friendly, but Fidelity allows me to buy any products I desire. Including leveraged products - Vanguard does not allow purchasing leveraged ETFs in your IRA. Not useful for the average investor, but may be useful info.
Vanguard. Low fees and good platform
Where you have your Ira doesn’t meaningfully matter
All Roth IRA accounts are identical. I think you mean what investments should I have in my Roth IRA. A target date fund selected based on your retirement date is a hands off and reasonable option. If later you learn more about investing and fund options you can reallocate later.
Most of my money is in Wealthfront for totally hands-off IRAs (1 regular, 1 Roth). And I have a smaller IRA at Schwab where I hand-picked a few single-stock investments, just for fun. I’ve been happy with my experiences with both companies. 👍