Comments on: Starting Your Roth IRA In 2007 http://www.thesimpledollar.com/2007/01/05/starting-your-roth-ira-in-2007/ Financial talk for the rest of us Sat, 16 Feb 2013 01:14:45 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: John http://www.thesimpledollar.com/2007/01/05/starting-your-roth-ira-in-2007/#comment-242191 John Wed, 16 Apr 2008 16:59:17 +0000 http://www.thesimpledollar.com/2007/01/05/498/#comment-242191 Vanguard will waive the account service fee if you sign up for the e-service package, basically go paper-less with account activity.

]]> By: Mark Conrad http://www.thesimpledollar.com/2007/01/05/starting-your-roth-ira-in-2007/#comment-216208 Mark Conrad Sun, 30 Mar 2008 14:52:05 +0000 http://www.thesimpledollar.com/2007/01/05/498/#comment-216208 Hello

2 years ago I started investing $300
a month in a Vanguard Roth-IRA, that
uses a spread of mid cap stocks.

Thus far, I have lost over $3800 dollars
in that fund, and its dropping all the
time. (14% loss according to my statement.
Feels more like a robbery at gunpoint, but
hey that’s emotion for you)

I don’t know much about stocks, but
I’d told they are the only way to beat
inflation over the long haul.

Some pundits say ‘buy and hold,’ others
say leverage losses in a down market
by buying inverse funds.

Should I stay in or get out?

I fear my retirement savings may be
at serious risk, particularly with
big companies like Bear Stearns nearly
averting disaster.

Since the funds aren’t FDIC insured,
seems like a dangerous line to walk
in these volatille times, and the
situation looks like its going to get
a lot worse before it gets better.

Then again, buy and hold with dollar
cost averaging could yeild a much higher
return over the next 15 years?

Lost and confused, burned and bedraggled.

Mark

]]> By: Investing Blog http://www.thesimpledollar.com/2007/01/05/starting-your-roth-ira-in-2007/#comment-25267 Investing Blog Sun, 13 May 2007 18:53:44 +0000 http://www.thesimpledollar.com/2007/01/05/498/#comment-25267 I like Vanguard, too. They aren’t out to gauge customers with 1% to 2% ridiculous expense ratios.

I know my Fidelity cash balance earns like 4.92%, so it’s close to 5% anyways. But the reason why I like to send it ASAP is because I can’t spend it on anything once it’s gone. I rarely make withdrawals from my investment accounts once the money is gone.

But you’re right. Building a large cash balance is the most important decision you can make.

Also, love the blog. I don’t know how you write so much so often.

]]> By: Trent http://www.thesimpledollar.com/2007/01/05/starting-your-roth-ira-in-2007/#comment-25198 Trent Sun, 13 May 2007 13:25:23 +0000 http://www.thesimpledollar.com/2007/01/05/498/#comment-25198 Vanguard has a $3,000 minimum and they’re the investment house whose philosophy I agree with the most. For me, it’s worth saving the money before investing – you are beating 5% in a savings account along the way, so it’s not a significant loss.

]]> By: Investing Blog http://www.thesimpledollar.com/2007/01/05/starting-your-roth-ira-in-2007/#comment-25079 Investing Blog Sat, 12 May 2007 23:13:31 +0000 http://www.thesimpledollar.com/2007/01/05/498/#comment-25079 I disagree with your theory on waiting until you have enough money. You lose interest every day your cash does not compound. Many banks allow customers to open a roth IRA account with less than $50. You can open one up, then start contributing every time you either get paid or earn some additional income. That way the compounding effect will reach its full potential in the long run.

]]> By: Chris http://www.thesimpledollar.com/2007/01/05/starting-your-roth-ira-in-2007/#comment-8665 Chris Fri, 02 Mar 2007 20:34:09 +0000 http://www.thesimpledollar.com/2007/01/05/498/#comment-8665 Do you recommend opening an account with Fidelity if you don’t have the $3,000? I have about $2000 saved up and would like to get started. I’m also confused about fees. How do you know what fees are associated with your Roth IRA? (assuming I got with Fidelity or Vangaurd?) Do you get slapped with fees for every thing you do? Or can you leave your $$ in a “Freedom Fund” type thing and not touch it (and is that even wise?)

]]> By: btc http://www.thesimpledollar.com/2007/01/05/starting-your-roth-ira-in-2007/#comment-3130 btc Sun, 14 Jan 2007 00:46:54 +0000 http://www.thesimpledollar.com/2007/01/05/498/#comment-3130 I opened a Roth IRA last week with T. Rowe prices. I wanted to go with Vanguard, but thought I would never get around to it if I waited until I had the minimum requirement. Besides the higher fees, I really like T. Rowe Price. Still, I plan on transfering my funds to Vanguard once it reaches $5000.

Great blog, by the way!!

]]> By: TOK http://www.thesimpledollar.com/2007/01/05/starting-your-roth-ira-in-2007/#comment-2641 TOK Fri, 05 Jan 2007 19:03:59 +0000 http://www.thesimpledollar.com/2007/01/05/498/#comment-2641 Vanguard lets you start an IRA with the STAR Fund for $1,000. This is a balanced fund made up of other Vanguard Funds.

]]> By: Aaron http://www.thesimpledollar.com/2007/01/05/starting-your-roth-ira-in-2007/#comment-2639 Aaron Fri, 05 Jan 2007 18:39:44 +0000 http://www.thesimpledollar.com/2007/01/05/498/#comment-2639 I went with the ultimate lazy man’s route with my Roth IRA. Fidelity has “Freedom Funds” that are managed based on your target retirement date. I’m in the FF2040 fund which is managed aggressively right now, but as I get closer to retirement, they’ll start managing more conservatively.

The best thing is, if you set up automatic investments (free), for a minimum of $200 a month, they wave the $2500 minimum account balance. It’s a truly set it and forget it investment option. You really couldn’t ask for an easier way to get into a Roth IRA.

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