I'm planning on opening a Roth IRA in the very near immediate future (by this year's end, if not sooner). Is there a place I can go to see the different pros/cons of IRAs offered by different companies (or does anyone know)? Are there some highly recommended ones? Any other advice? Thanks!
2 Answers
If you are going to be investing in mutual funds then Vanguard is considered the king of mutual funds. T Rowe Price is also good. Just be sure and check fees for the accounts and for the individual funds you are investing in.
For brokerage accounts where you want to buy individual stocks check out this article. http://www.fool.com/how-to-invest/broker/fullcompare.aspx
If you are going to just be investing in mutual funds for the foreseeable future I would stick with an account at the mutual fund company you are investing in. Vanguard or T Rowe Price for example.
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There is some information out there, I got this one from "Get Rich Slowly" but there are others, you can check the Motley Fool or Clark Howard as well. I think the main differences are in the types of investments you can do, like is it mutual funds only, and what the fees are on those funds.
YMMV of course!
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