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Is Scottrade a good choice for starting a Roth IRA & stock trading? |
I am considering joining up with Scottrade due to their (apparent) no fee Roth IRA, $7 per online stock trade, and fairly low fee for Vanguard fund purchases ($17 on 5,000 shares) and no maintainence fees. I've been with Scottrade for ten years and I've been happy. No problems with their site or with their service. If there was a firm I thought was better, I'd be trading with them. I have used Ameritrade and Scottrade. Scottrade has hidden fees like Ameritrade, buyt they;re far less. I've been happy with Scottrade and I generally reccomend them here is a review of some brokerage firms Scottrade, Ameritrade and Etrade are all good discount brokers. |
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Scottrade is the least expensive as long as they can provide all the services you need. If you only want to buy Vanguard funds, you may be better off going directly through Vanguard. Margin i... Yes both of the funds will pay dividends from the stocks that pay dividends and are in the underlying indexs. The most recent yield for the vangard 500 index fund can be found here. ...No, you can transfer as much as you want, up to the total amount (subject to the minimums of both accounts). Transfers from a Rollover IRA to a regular pre-tax IRA are OK. Just do a direct transf... Yes, but you can invest before that if your parents fill out tthe necessary forms. See this Vanguard link about UGMA/UTMA accounts. ... What does the R stand for? It may not be extremely wise to as the saying goes to "Put all you eggs in one basket." After all it is your retirement funds you are dealing with. Certainly... The Roth IRA is simply a type of account. You can put anything inside of it--cash, CDs, bonds, bond funds, ETFs, individual stocks, mutual funds, index fund, and--yes--that includes target retirem... All you need to do is to ask Vangiard for the money. They will send you a check for 80% of it and 20% to the IRS to start to cover the income taxes you'll owe. Taxes will be at your normal rat... A target retirement fund is not an index fund. Rather it is a fund that consists of a collection of other funds in the family that changes as you become older. A TSM is a type of index fund. The... |
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