Author Topic: ROTH IRA, interest rates and fees (if any) and who handles yours?  (Read 3462 times)

Drifterrider

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Subject line says it all.  What do you have, with whom, what does it pay.  Thanks.

forummm

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #1 on: April 21, 2015, 01:17:01 PM »
Vanguard. Tiny fees on the funds I own. Mostly 0.05% on VFIAX. I make whatever the S&P 500 does for that fund.

GizmoTX

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #2 on: April 21, 2015, 01:19:55 PM »
We have multiple IRAs, brokerage, & banking accounts with Schwab. Very low fees on brokerage & funds, zero fees for banking.

dandarc

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #3 on: April 21, 2015, 01:23:01 PM »
Vanguard (and American Funds until that transfer clears).  Basically no fees at Vanguard other than the mutual fund expense ratios.  American Funds has a $10 / year account fee, on top of higher ER's, loads, the works. 

Money at Vanguard is in LifeStrategy Growth VASGX if you want to check returns.  All-in-one 80-20 fund for .18% ER.  Could do better than .18% with other funds, but I like the simplicity and I tend to tinker too much, so going super-simple is probably good for me even at a slightly higher ER.

skyrefuge

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #4 on: April 21, 2015, 02:25:19 PM »
Subject line says it all.

It should probably say more. What to you hope to gain from the responses? Otherwise this is just a waste of everyone's time.

The fact that you asked about "interest rates", combined with the fact that probably 99% of us don't have our IRA money in anything with an "interest rate", suggests that you're unfamiliar with the basics of investing, and an untargeted poll like this isn't a very good way to help you learn.

forummm

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #5 on: April 21, 2015, 02:37:15 PM »
Subject line says it all.

It should probably say more. What to you hope to gain from the responses? Otherwise this is just a waste of everyone's time.

The fact that you asked about "interest rates", combined with the fact that probably 99% of us don't have our IRA money in anything with an "interest rate", suggests that you're unfamiliar with the basics of investing, and an untargeted poll like this isn't a very good way to help you learn.

I was too nice to say this. But yeah.

Drifterrider

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #6 on: April 22, 2015, 09:41:48 AM »
Subject line says it all.

It should probably say more. What to you hope to gain from the responses? Otherwise this is just a waste of everyone's time.
The fact that you asked about "interest rates", combined with the fact that probably 99% of us don't have our IRA money in anything with an "interest rate", suggests that you're unfamiliar with the basics of investing, and an untargeted poll like this isn't a very good way to help you learn.

And yet you "wasted" even more of your time telling me what I don't know.

Me.  Make $110K per year.  Max 401K plus over 50 catch up.  Bought a rental house for cash.  Looking at another one this week.  Have one year emergency fund (as in I can maintain my level of living for one year without an income).  Have excess cash and I thought I'd look in to Roth's.  Degreed accountant.  So yes, I guess I don't know much.

skyrefuge

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #7 on: April 22, 2015, 10:22:19 AM »
And yet you "wasted" even more of your time telling me what I don't know.

Me.  Make $110K per year.  Max 401K plus over 50 catch up.  Bought a rental house for cash.  Looking at another one this week.  Have one year emergency fund (as in I can maintain my level of living for one year without an income).  Have excess cash and I thought I'd look in to Roth's.  Degreed accountant.  So yes, I guess I don't know much.

Oh, yeah, it wasn't *you* whose time-wasting I was concerned about (since you invested almost no time in creating your initial post), it was the collective time of 50 people coming and posting their Roth IRA details that I was trying to cut off at the pass. Since I'm such a selfless martyr, I was willing to waste my own time in pursuit of that noble goal!

Ok, so now we at least have a better idea of where you're coming from. Investing in a Roth IRA is probably a good idea for you (assuming you're single; if married, a Traditional IRA might be an option to consider too). If your poll had actually been completed, the responses would have likely congregated around something like this:

http://www.bogleheads.org/wiki/Three-fund_portfolio

Or more explicitly, what=low-cost index funds, where=Vanguard, fees=none, interest rate=unknown

Though that "Three fund portfolio" wouldn't necessarily all be held within your Roth account. One part might be held in your 401(k), another in a Roth, another in a taxable account, etc. So knowing what someone holds in their Roth IRA isn't too useful unless you know what the rest of their portfolio looks like.

Drifterrider

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #8 on: April 22, 2015, 12:02:59 PM »
And yet you "wasted" even more of your time telling me what I don't know.

Me.  Make $110K per year.  Max 401K plus over 50 catch up.  Bought a rental house for cash.  Looking at another one this week.  Have one year emergency fund (as in I can maintain my level of living for one year without an income).  Have excess cash and I thought I'd look in to Roth's.  Degreed accountant.  So yes, I guess I don't know much.

Oh, yeah, it wasn't *you* whose time-wasting I was concerned about (since you invested almost no time in creating your initial post), it was the collective time of 50 people coming and posting their Roth IRA details that I was trying to cut off at the pass. Since I'm such a selfless martyr, I was willing to waste my own time in pursuit of that noble goal!
Ok, so now we at least have a better idea of where you're coming from. Investing in a Roth IRA is probably a good idea for you (assuming you're single; if married, a Traditional IRA might be an option to consider too). If your poll had actually been completed, the responses would have likely congregated around something like this:

http://www.bogleheads.org/wiki/Three-fund_portfolio

Or more explicitly, what=low-cost index funds, where=Vanguard, fees=none, interest rate=unknown

Though that "Three fund portfolio" wouldn't necessarily all be held within your Roth account. One part might be held in your 401(k), another in a Roth, another in a taxable account, etc. So knowing what someone holds in their Roth IRA isn't too useful unless you know what the rest of their portfolio looks like.

I think you spelled selfless wrong and perhaps you do have a martyr complex.  Unless you are paid to be the "time saver of the masses", I suggest you find other pursuits.

I didn't have a poll, I asked a question.  A few people responded with information.  Then there was you and the "ditto" (you know, the "me too" people.)  Are you as snarky in person?  Bet you don't spend much on Christmas gifts do you.

beltim

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #9 on: April 22, 2015, 12:07:04 PM »
Subject line says it all.

It should probably say more. What to you hope to gain from the responses? Otherwise this is just a waste of everyone's time.
The fact that you asked about "interest rates", combined with the fact that probably 99% of us don't have our IRA money in anything with an "interest rate", suggests that you're unfamiliar with the basics of investing, and an untargeted poll like this isn't a very good way to help you learn.

And yet you "wasted" even more of your time telling me what I don't know.

Me.  Make $110K per year.  Max 401K plus over 50 catch up.  Bought a rental house for cash.  Looking at another one this week.  Have one year emergency fund (as in I can maintain my level of living for one year without an income).  Have excess cash and I thought I'd look in to Roth's.  Degreed accountant.  So yes, I guess I don't know much.

What interest rates are you interested in?

frugalnacho

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #10 on: April 22, 2015, 02:22:43 PM »

dsmexpat

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #11 on: April 22, 2015, 02:34:33 PM »
Subject line says it all.

It should probably say more. What to you hope to gain from the responses? Otherwise this is just a waste of everyone's time.
The fact that you asked about "interest rates", combined with the fact that probably 99% of us don't have our IRA money in anything with an "interest rate", suggests that you're unfamiliar with the basics of investing, and an untargeted poll like this isn't a very good way to help you learn.

And yet you "wasted" even more of your time telling me what I don't know.

Me.  Make $110K per year.  Max 401K plus over 50 catch up.  Bought a rental house for cash.  Looking at another one this week.  Have one year emergency fund (as in I can maintain my level of living for one year without an income).  Have excess cash and I thought I'd look in to Roth's.  Degreed accountant.  So yes, I guess I don't know much.
What do you drive?

forummm

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #12 on: April 22, 2015, 02:45:38 PM »
Subject line says it all.

It should probably say more. What to you hope to gain from the responses? Otherwise this is just a waste of everyone's time.
The fact that you asked about "interest rates", combined with the fact that probably 99% of us don't have our IRA money in anything with an "interest rate", suggests that you're unfamiliar with the basics of investing, and an untargeted poll like this isn't a very good way to help you learn.

And yet you "wasted" even more of your time telling me what I don't know.

Me.  Make $110K per year.  Max 401K plus over 50 catch up.  Bought a rental house for cash.  Looking at another one this week.  Have one year emergency fund (as in I can maintain my level of living for one year without an income).  Have excess cash and I thought I'd look in to Roth's.  Degreed accountant.  So yes, I guess I don't know much.

What interest rates are you interested in?

I find it interesting that you're interested in the interest rates he's interested in.

frugalnacho

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Indexer

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Re: ROTH IRA, interest rates and fees (if any) and who handles yours?
« Reply #14 on: April 22, 2015, 09:16:40 PM »
What do you drive?



Which also answers where my Roth is... and all my investments.