IRA Guidance

[treillw]

Need to setup an IRA after leaving an employee owned company - the ESOP shares must be rolled into a IRA.

Any suggestions on a good one to pursue? All the same? I usually just go the target date fund route when choosing my investments.

Don't know much about it - would imagine all the companies are pretty similar. Fees might be different?

I appreciate any insight!

Thanks!

 

[eddielasvegas]

This will be new money to a brokerage so I would use Brin and Page's wonderful creation to find new money deposit deals. If the value of the stock is high enough, it might be beneficial to go with one over the other based on bonus amount.

I would also see which brokerages have an office in your city/town. Not essential these days, but having a B&M place I can walk into (without travelling a great distance) gives me some peace of mind. I would place a higher value on this than a extra BF or two.

Lastly, I started with TD Waterhouse in '95 and have been with them ever since. Been sold a couple times since then and in the next year they will be merged into Charles Schwab.

Good luck,

Eddie

 

[roadrunner]

There are other options orher than a traditional IRA and leaving it that way. It would depend on your current employment status as to what direction to go.

 

[doc holiday13]

fidelity account. super helpful and won't charge you to roll over. they've handled about 4 rollovers for me

 

[JFK]

Only advice I can give you…don’t get your financial advice off a hunting forum.

 

[roadrunner]

Only advice I can give you…don’t get your financial advice off a hunting forum.

He's not...

 

[Slugz]

Look into a SEP IRA also to see if you could make something work for your situation.

 

[jimh406]

Fidelity has been good for me.

 

[SDHNTR]

Find a fee based financial planner for advice. Lots of options. Do it right so you don’t get any ugly tax surprises.

 

[dreamingbig]

Need to setup an IRA after leaving an employee owned company - the ESOP shares must be rolled into a IRA.

Any suggestions on a good one to pursue? All the same? I usually just go the target date fund route when choosing my investments.

Don't know much about it - would imagine all the companies are pretty similar. Fees might be different?

I appreciate any insight!

Thanks!

Fidelity will make it very easy to roll over. I have heard good things about Schwab too but no direct experience.


Sent from my iPhone using Tapatalk

 

[roadrunner]

I am currently rolling funds over to a Fidelity account from a couple others I had to do something else with it down the road.

 

[Bearded Bowhunter]

TD Ameritrade has a much better investment platform than Fidelity and also zero fee, easy transfer process that can all be done online. Id look there.

 

[treillw]

Bump - any new info?

 

[doc holiday13]

Bump - any new info?

I and I think 3 other people said to work with Fidelity. I have 4 fidelity accounts. Individual investment account, HSA investment account(fidelity managed), self managed Rollover 401k and a self managed Rollover Roth

My HSA account is my newest with them and I've very happy with their management of the funds

 

[CorbLand]

I have had zero issues with Fidelity for my 401K and Roth.

 

[Crusader]

You guys who have investment accounts with Fidelity, do any of you have them actively managing your accounts? If so, what is the fee % they charge?

 

[Johnny Tyndall]

Fidelity and Vanguard are both good. Vanguard customer service has been declining and most people prefer Fidelity these days. You will not go wrong putting it into a low-cost target date retirement fund (more conservative) or total stock market fund (more aggressive) while you figure out if you want to do something else with it. Bogleheads.org is the place to go for info and advice, they have a great forum and wiki, they're the Rokslide of the comfortably retired.

 

[CorbLand]

You guys who have investment accounts with Fidelity, do any of you have them actively managing your accounts? If so, what is the fee % they charge?

None of my accounts have fees minus my 401K. Some of the funds I have bought in my account have fees.

 

[Johnny Tyndall]

You guys who have investment accounts with Fidelity, do any of you have them actively managing your accounts? If so, what is the fee % they charge?

I don't, but if I were to pay for management I'd look for a flat-fee advisor, ongoing costs really eat into long-term returns.

 

[Sturgeon]

I use Fidelity and Vanguard for different accounts and would not hesitate to send you to either of them and both have some of the lowest fees in the business.