Dec 13

I would like to open a roth IRA with Vanguard and I don’t believe that they have any offices in Pittsburgh, PA. I noticed on their web-stie that you can do it easily online but it requires a lot of sensitive information such as account and routing numbers to get money (I am planning on doing max $5000) transferred/invested. Can someone assure me that this is normal and safe and that I can set it up online.

Much appreciated!

5 comments so far...

  • Joe Said on December 13th, 2009 at 5:33 pm:

    In general it is safe to do this online. You might possibly have a problem if you have a key-logging virus on your computer. If you don’t want to do it online, you can download forms from their website, and mail them in.

  • jlf Said on December 13th, 2009 at 6:27 pm:

    You can do it on-line or print the forms and mail them in.

  • J Said on December 13th, 2009 at 6:46 pm:

    My wife works for the company, and you would be amazed at the hoops (security wise) they make account holders go through when calling for info on their accounts. That said, nothing is 100% safe, mail can get lost etc. I personally don’t have a problem with reputable companies doing business online.

  • muncie birder Said on December 13th, 2009 at 7:15 pm:

    I routinely just the internet sites of my mutual fund companies and brokerage companies to transfer money back and forth. I have not had a problem. But having said that keep in mind that if you were to have a worm on your computer that was capable of capturing and interpreting your key strokes, you could have a problem.

    Financial sites such a Vanguard take every precaution to safeguard your data. Their livelyhood depends on it.

  • itsjunglepat Said on December 13th, 2009 at 8:11 pm:

    I’ve used Vanguard and found their site to be using more security measures sooner than some other big brokerage sites I use.
    Their system has a sort of computer recognition, so if you were to use another computer, the site seems to be aware of that. They also use security questions and an icon that you choose to make you more aware and certain that you are on the valid site.
    I can’t say that I know a lot about the security of using wireless internet though.

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