because it's St. Paddy's day, lets talk about IRA

[bizarrojack]

I am interested to hear what you have to say about

Comments

[judithiscariot]

i think most of the places where you can set up an IRA are online now. as in, you can set them up online without ever actually talking to anyone. Vanguard is my poison of choice, but look anywhere (TD Ameritrade, E*Trade, ING, etc).

for max simplicity you could always roll your old 401(k) over into your new one. not that i would go this route, but it's an option.

[bizarrojack]

Thanks very much!! So far it's Vanguard - 2, everyone else - 0, so it's looking very good for them.

I figure It's long past due that I have something that is not tied to an employer, so it will definitely be an IRA.

[bizarrojack]

That is excellent to know. Kim has an audio book that was specifically advising to watch out for the fees, so that's something I am glad to hear.

Thanks!!!!!

[falkonne]

I too am have my accounts consolidated at Vanguard, and I have been very pleased with them for the last 3+ years. I'm happy to talk your ear off about easy ways to invest. :) Also, "www.iwillteachyoutoberich.com" is an excellent resource as well.

[traceracer]

When I was in 9th grade, I decided that when I grew up I wanted to join the IRA. I figured that since my last name was English, I'd be a perfect spy for them.

Then I realized that they were terrorists and decided not to go into that line of work. Though I'm still very 26+6.

[bizarrojack]

That's funny, I'm sure I wanted to join some terrorist organization at some point, as well, but it was probably something fictional like COBRA.

Also, I just tried googling 26+6, to see what else was other there besides josh's post that uses this shorthand, and it told me that it is 32.

[traceracer]

heeheehee

It's actually a very common thing for people who support a united Ireland.. the 26 counties of Ireland plus the 6 in Northern Ireland joined together are one united Ireland.

[steeltoe]

Direct investment into vanguard funds takes about $50k to get started, if you can go that route, do it.

My IRA is with ING, and I love them. Their selection of funds is limited, but they are basic index funds with relatively low fees. www.ingdirect.com, 1-877-BUY-FUND

Good luck!

[jszmajda]

I'll also vouch for Vanguard. I too have a Target Retirement 2045 account, and I was able to open it with $2k, and the fees stopped when I got to $4k. I setup an auto-withdrawal system from my checking account that maximizes my potential contributions over the year, withdrawing weekly so I get the best average rate as the market rises and falls. It's worked very well so far, and the rate of return on this particular fund has been something like 11% since inception (which is inflated somewhat as it's in its high-risk period, but still good).

So yeah, Vanguard all the way. And I don't know what that $50k thing is, $4k was the fee limit for me at least, and I think you can open with just $1k or less even for a personal IRA.

[steeltoe]

Sorry, specific funds I was looking at in the vanguard family require that amount, not their accounts.