Mar 30

There are a lot of companies that offer Roth IRAs. Are they all the same or are they managed differently based on different investment philosophies?


4 comments so far...

  • SoonerFanSF Said on March 30th, 2010 at 6:13 pm:

    Actually, these accounts are rarely managed at all except by you. A ROTH is merely a type of IRA account where you are depositing after tax dollars and will be able to grow your gains tax free and ultimately withdraw from the account tax free. Companies that offer them are merely setting up accounts to receive your money and report it properly to the IRS. Once your money is in the bank or brokerage account, it’s still up to you to determine what to buy. Most people in simple IRA accounts choose to buy mutual funds because they don’t have enough time or skill to purchase individual stocks. The thousands of various mutual funds to choose from are indeed managed differently based on different philosophies.

  • iluv2tradestks Said on March 30th, 2010 at 6:38 pm:

    The Roth IRA is basically managed by you. If you are eligible, this is the best retirement account you will buy. The Roth IRA is above and beyond your 401k. Your 401k if you are working has much more control by your employer. In a Roth IRA, it is probably best to invest in mutual funds, or bonds.

  • jebediabartlett Said on March 30th, 2010 at 7:20 pm:

    Your ROTH IRA can be invested in CDs or they can be ” self-directed”…meaning YOU choose the actual place where your money will be invested. If you go with a brokerage house..( Fidelity, Schwab, Scottrade…or most big banks Chase, Bank of America ) you can set up an on-line trading site….choose some funds and accumulate some money..then move into a few individual stocks as you grow more comfortable with the process…or just invest in what are called ” life-cycle funds” ( managed by your company/bank to change and buy differently as you get older)
    I’m not sure, but I believe you can look at a few different strategies on the Fidelity site BEFORE you sign up for anything…or at least if you log on there you can see or request info that explains stuff pretty clearly.

  • Are Roth IRAs different, or they are all the same? | Roth IRA … | Self Directed Investor News Said on March 30th, 2010 at 8:15 pm:

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