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Posted: 8/11/2017 6:35:14 AM EDT
[#1]
If you transfer the money to Vanguard you can trade their ETF's for free.
They charge $20/yr per account until you reach $10,000 in the account, then it's free. I like VOO/VTI as long term low cost ETF's. They're cheaper overhead than anything Fidelity offers. |
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Posted: 8/11/2017 10:56:04 AM EDT
[#2]
Yes, you should be able to open an account online or over the phone. Transfer $$$ to the Roth. Just make sure you are eligible to contribute.
Haven't messed with Fidelity much lately, but they used to offer no-cost trading of many of their mutual funds. Not sure how it is now. |
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Posted: 8/11/2017 12:06:53 PM EDT
[#3]
I use Fidelity for my Roth, and it was very easy to set up, and the fees are low. (Can't go wrong with Vanguard either).
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Posted: 8/14/2017 6:23:10 PM EDT
[#4]
Quote HistoryQuoted:
If you transfer the money to Vanguard you can trade their ETF's for free. They charge $20/yr per account until you reach $10,000 in the account, then it's free. I like VOO/VTI as long term low cost ETF's. They're cheaper overhead than anything Fidelity offers. You're also wrong about the expense ratios. VOO has an expense ratio of 0.04%, while my FSTVX at Fidelity has an expense ratio of 0.035% Fidelity has gotten aggressive on matching/beating Vanguard expense ratios. OP, since you already have a Fidelity account, setting up a RothIRA with them is super easy, and then can look at it all at one spot. |
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Posted: 8/17/2017 10:05:34 PM EDT
[#5]
Posting in two places:
How does one set up a Roth IRA for a 7 year old? They need to have earned income? I am not sure I follow how to get this accomplished. Help? -Dan |
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Posted: 8/17/2017 11:33:40 PM EDT
[#6]
I answered in the other thread but I may as well post it here too.
You have to hire him so he has income. Then he can either put that income in his RothIRA or you can donate money for it. He cannot contribute more than he has earned though. |
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Posted: 8/18/2017 1:58:34 AM EDT
[#7]
Quote HistoryQuoted:
I answered in the other thread but I may as well post it here too. You have to hire him so he has income. Then he can either put that income in his RothIRA or you can donate money for it. He cannot contribute more than he has earned though. Dan |
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Posted: 8/19/2017 12:23:59 PM EDT
[#8]
Quote HistoryQuoted:
If you transfer the money to Vanguard you can trade their ETF's for free. They charge $20/yr per account until you reach $10,000 in the account, then it's free. I like VOO/VTI as long term low cost ETF's. They're cheaper overhead than anything Fidelity offers. |
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Posted: 8/19/2017 1:08:22 PM EDT
[#9]
Quote HistoryQuoted:
The fidelity S&P offerings through Ishares are also free to trade and .04% or less on fees. Fidelity and Vanguard are pretty much the same in regards to product pricing. 
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