Comments on: Setting up a Roth IRA – 4 Easy Steps (part 2)

By: Jeff

Jeff — Sat, 13 Feb 2010 21:01:46 +0000

I went with TRowe Price last year and I’ve been pretty happy with them. I had a customer service issue with Fidelity that really turned me off to them, but so far so good with TRowe
Jeff´s last blog ..How to Spend Less Money: Financial Budgeting

By: How to Easily Evaluate your Asset Allocation with Morningstar Instant X-Ray Tool | My Journey to Millions

Thu, 20 Aug 2009 04:16:18 +0000

[...] my previous two posts (Setting up a Roth IRA – 4 Easy Steps Part 1 and Part 2) I talked openly about setting up my younger brother’s Roth IRA. Part 1 discusses why a Roth [...]

By: MJTM

MJTM — Tue, 07 Apr 2009 19:44:50 +0000

MBB,

Thanks for making my research project a lot easier! lol

By: MJTM

MJTM — Tue, 07 Apr 2009 19:44:20 +0000

PT,

Yeah, when I originally searched for a home for my Wife's Roth I was flabbergasted about the Vanguard situation, and then reconfirmed it when I set up my brother's Roth IRA. Its not a huge deal, if you have the money sitting there to put it in.

It will originally hurt your DCA plan (since you will be buying a lump sum of $3K) but after 30 to 40 years (I think you are around my age) it shouldn't make a difference.

Thanks for looking into the funds – yeah I picked up the 2055 fund to pick up a sliver or a few other sectors of the market not represented by the bond fund and the Blue Chip.

By: Money Blue Book

Money Blue Book — Tue, 07 Apr 2009 14:45:04 +0000

Good luck with the Roth. You've picked a great time to get started. Prices are incredibly cheap no matter how you slice it

By: PT Money

PT Money — Tue, 07 Apr 2009 14:22:47 +0000

Congrats on finding such low cost funds and no fees. I was surprised to see the initial deposit fees at Vanguard given the hype surrounding them. But the cost over the long-haul should balance them out. I'll just plan on making the max contribution every year which is the plan anyway. I wonder if this limits my ability to dollar cost average?

As for your allocation, at first I thought, why bother with a target date fund if you're going to pick other funds? But then I saw your other funds were on opposite ends of the spectrum. So they likely balance each other out.

Good series!