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Author Topic: Roth IRA  (Read 1954 times)

Offline Columbiadorm

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Roth IRA
« on: April 11, 2011, 05:12:11 PM »
I need to open a Roth IRA account in the next few days.

I don't plan on doing any major trading but I do want to have the option. Different companies have different trade fees, annual maintenance fees and other fees.

Can anyone shed some light on this for me? Any suggestions, tips, and helpful info would be much appreciated.
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Offline Bp

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Re: Roth IRA
« Reply #1 on: April 11, 2011, 05:55:27 PM »
Quote from: Columbiadorm on April 11, 2011, 05:12:11 PM
I need to open a Roth IRA account in the next few days.

I don't plan on doing any major trading but I do want to have the option. Different companies have different trade fees, annual maintenance fees and other fees.

Can anyone shed some light on this for me? Any suggestions, tips, and helpful info would be much appreciated.
by what company do you have you account with?
its just like a simple or regular IRA.the only difference is that you pay the Texas up front!
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Offline Columbiadorm

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Re: Roth IRA
« Reply #2 on: April 11, 2011, 05:59:54 PM »
My money is in the bank. All of it.

I know what the Roth IRA is. I know that what goes in is all taxed already.

Quote from: Columbiadorm on April 11, 2011, 05:12:11 PM
Different companies have different trade fees, annual maintenance fees and other fees.

I just want to know who to use..

Thanks
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Offline sprint

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Re: Roth IRA
« Reply #3 on: April 11, 2011, 06:02:55 PM »
I personally use sogotrade - $3 per trade, and no inactivity or maintenance fees.. I used to be with scottrade but prefer sogo for obvious reasons. See their website for more info.
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Offline Yisha

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Re: Roth IRA
« Reply #4 on: April 11, 2011, 06:14:57 PM »
I used a company named "IB Brokerage"

They charge $1 per 100 shares you trade,
Monthly fee of $10 - waved if trade fees reaches $30

I was very happy with them.
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Offline Yisha

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Re: Roth IRA
« Reply #5 on: April 11, 2011, 06:15:55 PM »
And there special good if you plan day trading,
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Offline Bp

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Re: Roth IRA
« Reply #6 on: April 11, 2011, 06:18:38 PM »
I use sogo trade as well,never saw them selling retirement products! My IRA's I have with Oppenheimer funds! 
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Offline Yisha

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Re: Roth IRA
« Reply #7 on: April 11, 2011, 06:24:53 PM »
I don't know, I used to have Sogo but I end up paying tons of money in fees verses this days when I'm using IB,

Could be the reason was because I used sogo when I started so I was a very wild trader, but that's my look at them that they are eating up my money. 
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Offline Yisha

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Re: Roth IRA
« Reply #8 on: April 11, 2011, 06:32:30 PM »
They have a demo you can check them out http://www.interactivebrokers.com/en/pagemap/pagemap_demo.php

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Offline sprint

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Re: Roth IRA
« Reply #9 on: April 11, 2011, 06:47:19 PM »
Quote from: Bp_man on April 11, 2011, 06:18:38 PM
I use sogo trade as well,never saw them selling retirement products! My IRA's I have with Oppenheimer funds! 

http://www.sogotrade.com/s1/Home/PS/NewFeatures-us.htm
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