Brokerage account or ira


Articles are published Monday and Friday. You can unsubscribe at any time. One of the most common questions I receive from readers is where to open an IRA.

But the last time I directly addressed that question here on the blog was more than two years ago, and much has changed since then. A number of companies have improved their low-cost offerings. This structure where the company is owned by the funds it runs rather than by outside shareholders reduces costs and minimizes conflicts of interest between the company brokerage account or ira its clients. But, as great as Vanguard is, there are several other good choices, any of which could be a better fit for you depending on circumstances.

Their Spartan index funds are super cheap and can be used to easily build a low-cost diversified portfolio. And for investors just getting started, TD Ameritrade has the advantage of having no minimum initial investment for opening an IRA. Alternatively, the best place to open an IRA may not be a brokerage firm at all.

The offerings from brokerage account or ira and credit unions are a natural fit for such a situation. It has worked out well for me. Dreyfus Bond Market is also listed but has a higher ER. In my opinion, Scottrade is in the not-bad-but-why-bother category.

Click here to read more, or enter your email address in the blue form to the left to receive free updates. My Books About Contact Archives. Indirect Costs Can I Retire? Get the Free Newsletter Oblivious Brokerage account or ira offers a free newsletter providing tips on low-maintenance investing, tax planning, and retirement planning. Join over 19, email subscribers: Other Low-Cost Brokerage Firms But, as great as Vanguard is, there are several other good choices, any of which could be a better fit for you depending on circumstances.

Comments Petunia says: April 11, at April 12, at 6: Any thoughts on Scottrade? April 12, at brokerage account or ira I'm Mike Piper, brokerage account or ira author of this blog. I'm a CPA and the author of several personal finance books.

The point of brokerage account or ira blog is to show that investing brokerage account or ira have to be complicated. Recommended Reading Investing Made Simple: By using this site, you explicitly agree to its Terms of Use and agree not to hold Simple Subjects, LLC or any of its members liable in any way for damages arising from decisions you make based on the information made available on this site.

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Powered by Get Satisfaction. Community powered support for Quicken. Community Home All Questions. In "Investing" how can I split these and assign each a different "Goal"? I know it's the same security, but I want to keep the shares I have in a retirement fund brokerage account or ira a different row from the shares Brokerage account or ira have in the brokerage account on the "Portfolio" view in the "Investing" tab of Q I use the "Goals" on the "Investment" tab to do this for everything else I own.

I set up a "Invest" goal for investments that are not retirement and brokerage account or ira "Roth" or "K" goal for things I need to treat differently and hold for retirement. How can I make this happen if the security has an identical ticker symbol? A security has a single objective goal no matter where it's held. Your accounts may have differing purposes First, IMO you should not be going down that path. Possibilities of problems now and in the future increase when you vary from that construct.

You can create a second security a unique name, e. In creating that security, do not assign it a ticker. After the new security is created, edit the security details to assign it a goal and you can then assign it the VFIAX ticker. From there, you are on your own dealing with other issues.

Assigning the ticker will allow you to update the price through the Quicken quote update process. One issue that will arise is that Vanguard will continue to download data as if you own the originally named security in both your investing portfolios and your retirement portfolios. That applies to buys, sells, reinvestments, etc.

Quicken will then offer placeholders every time you download. You will be manually revising the security name on all applicable transactions. I suggest you find a different manner to make the brokerage account or ira.

Actually, the "Quicken construct" has nothing to do with the objective of the fund. That's determined by the Fund managers, and brokerage account or ira stated in the prospectus. But an individual's 'goal' for the security fund, stock, bond, MLP, That decision can be independent of what fund managers target or how other agencies classify a security value, growth, income, The Quicken decision to associate only one goal per security is exactly the issue here -- and I personally have no problem with that decision on their part.

I'd go with a simpler solution. With the Portfolio grouped by account, you can arrange the accounts to group accounts with the same "goal" together. This conversation is no longer open for comments or replies.