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Reply to "IRA Brokerage Options?"
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[quote=Anonymous]I am opening a very last minute Roth and Traditional IRA for the first time, partly as an alternative to our low interest savings accounts and instead of a College Fund (these IRAs do suit or needs and age), however I'm having trouble deciding on the type of company. I don't really understand the pros and cons of say Vanguard/Fidelity versus Scotttrade/Ameritrade. I did try to research the difference but still don't have a strong idea. These will be longer term investments, (I'm late 30's, husband early 40's and we have toddlers). We already have 401s and very good savings. Just want to start funneling our annual max toward these new accounts in perhaps an index fund or medium growth. Would probably make changes only twice a year and will be investing $5500 initially and then each year. Please help me get the ball rolling so I can just open a darned account. I'm leaning toward a Vanguard Total Stock, but does that mean I should open with Vanguard? All advice appreciated.[/quote]
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