Quick Roth IRA questions

[gopunk]

just to make sure:

vanguard charges no fees for purchasing vanguard funds for an IRA you have with them?


and


you can have mulitple roth IRA accounts, like one roth IRA with ameritrade, and another with vanguard?


thanks!

 

[ttown]

Originally posted by: gopunk
just to make sure:

vanguard charges no fees for purchasing vanguard funds for an IRA you have with them?


and


you can have mulitple roth IRA accounts, like one roth IRA with ameritrade, and another with vanguard?


thanks!

question #1: I think the "no fees" is if you exceed a certain balance... not sure, but a phone call to vanguard would definately answer that question.
question #2: yes, but your total of all IRA contributions in any 1 year cannot exceed whatever the maximum is. (_NO_ $2000 contribution at company A, $2000 at company B, $2000 at company C... for example)

 

[Taggart]

I have a Roth with Vanguard, but you may want to check out Fidelity before you invest. They recently decreased the expense ratios of some of their top funds to 10 basis points or .10%. This includes their S&P 500 fund (by comparison Vanguard's S&P 500 fund has a .18% expense ratio). There may be price war and Vanguard will decrease their fund expenses, but who knows.

 

[DaveSimmons]

Originally posted by: Taggart
I have a Roth with Vanguard, but you may want to check out Fidelity before you invest. They recently decreased the expense ratios of some of their top funds to 10 basis points or .10%. This includes their S&P 500 fund (by comparison Vanguard's S&P 500 fund has a .18% expense ratio). There may be price war and Vanguard will decrease their fund expenses, but who knows.

Is that permanent, or just a temporary change after being caught allowing market timing?

Vanguard is one of the few fund families that wasn't tainted by the insider trading / market timing scandals, and has always been known for low management fees.

AFAIK Vanguard fund purchases are free at Vanguard, but yes be sure to check the minimum account balance needed in an IRA account to avoid the "account maintenance fees" that most brokerages charge for low balances.

 

[gopunk]

Originally posted by: Taggart
I have a Roth with Vanguard, but you may want to check out Fidelity before you invest. They recently decreased the expense ratios of some of their top funds to 10 basis points or .10%. This includes their S&P 500 fund (by comparison Vanguard's S&P 500 fund has a .18% expense ratio). There may be price war and Vanguard will decrease their fund expenses, but who knows.

yea i heard about that... but i read a wsj article that warned that there is no guarantee that they'll keep them that low.

so can you confirm that you don't have to pay any fees when buying or selling vanguard funds from your vanguard account? if this is the case, i want to move some funds over... but still keep my ameritrade account open in case i want to buy non-vanguard stuff.

 

[ingenuiti]

Vanguard has an annual account maintenance fee for accounts under a minimum amount.

 

[gopunk]

Originally posted by: ingenuiti
Vanguard has an annual account maintenance fee for accounts under a minimum amount.

yea i know... 5k, i'll make it 🙂