Why don't People Recommend Starting a Roth IRA through a traditional guard?
Most of the research I've done seems to recommend channel a Roth IRA through a investment firm such as Vanguard, Fidelity, or T.Rowe Price. What about the banks-e.g. Bank of America, Wells Fargo. I would contemplate it would help to establish a Roth beside my bank so as to hold it under one 'roof'. Thoughts?
Answers: Reason self is that a bank have historically LOW interest rates and thusly a poor ROI.
Yes the accounts are insured for $100k/ account/bank, BUT you are far better off using a discount brokerage, because once you invest surrounded by individual stocks, it wouldnt matter if the brokerage go under, because you own shares of stock, and those are YOURS, not the property of the broker...
A brokerage is secure.. so stop worrying..:O) You ARE on the right track
i think most bank dont offer you ROTH from the wall but will go through a broker. near are people who tender you roth at the bak but when you sign up itll be thru a LLC ( broker) who does business with fidelty van guard etc
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Answers: Reason self is that a bank have historically LOW interest rates and thusly a poor ROI.
Yes the accounts are insured for $100k/ account/bank, BUT you are far better off using a discount brokerage, because once you invest surrounded by individual stocks, it wouldnt matter if the brokerage go under, because you own shares of stock, and those are YOURS, not the property of the broker...
A brokerage is secure.. so stop worrying..:O) You ARE on the right track
i think most bank dont offer you ROTH from the wall but will go through a broker. near are people who tender you roth at the bak but when you sign up itll be thru a LLC ( broker) who does business with fidelty van guard etc