Comments on: Best Places to Invest for Retirement http://www.fivecentnickel.com/2010/03/10/best-places-to-invest-for-retirement/ personal finance tips, tricks, and commentary Tue, 14 Feb 2012 01:20:12 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ted http://www.fivecentnickel.com/2010/03/10/best-places-to-invest-for-retirement/comment-page-1/#comment-144791 Ted Fri, 12 Mar 2010 23:26:08 +0000 http://www.fivecentnickel.com/?p=4491#comment-144791 I use Fidelity and have been pleased with them. I also have ING savings, and for a couple years had some mutual funds through ING as well. Ultimately I did not like ING for mutual funds, though, as they were not as transparent as Fidelity with regard to performance and fees of their funds. Above, Dean says Fidelity was slower with moves and withdrawal than Vanguard. Are there any other reasons people find Vanguard to be better than Fidelity? I use Fidelity and have been pleased with them. I also have ING savings, and for a couple years had some mutual funds through ING as well. Ultimately I did not like ING for mutual funds, though, as they were not as transparent as Fidelity with regard to performance and fees of their funds.

Above, Dean says Fidelity was slower with moves and withdrawal than Vanguard. Are there any other reasons people find Vanguard to be better than Fidelity?

]]> By: Dean http://www.fivecentnickel.com/2010/03/10/best-places-to-invest-for-retirement/comment-page-1/#comment-144211 Dean Wed, 10 Mar 2010 21:43:54 +0000 http://www.fivecentnickel.com/?p=4491#comment-144211 Having dealt with both Vanguard and Fidelity (not any longer) I can highly recommend Vanguard. While initially impressed with Fidelity's offerings and rates I was more than upset with them when it took an inordinate amount of time to both "move" and withdraw funds. Fidelity's very slow (and seemingly intentional) slow-rolling cost me several thousands of dollars in just a few days. I will never do business with Fidelity again. Having dealt with both Vanguard and Fidelity (not any longer) I can highly recommend Vanguard. While initially impressed with Fidelity’s offerings and rates I was more than upset with them when it took an inordinate amount of time to both “move” and withdraw funds. Fidelity’s very slow (and seemingly intentional) slow-rolling cost me several thousands of dollars in just a few days. I will never do business with Fidelity again.

]]> By: Paul Williams http://www.fivecentnickel.com/2010/03/10/best-places-to-invest-for-retirement/comment-page-1/#comment-144191 Paul Williams Wed, 10 Mar 2010 21:32:17 +0000 http://www.fivecentnickel.com/?p=4491#comment-144191 I'll second the vote for Vanguard as well. I think it's worth it to save up in something like an ING Direct Orange Savings account until you reach Vanguard's minimum. You can start out with the Vanguard STAR Fund at $1,000 (not my favorite but it's the only low minimum option). Once you hit $3,000 you can go to a target retirement date fund. After that, you can start splitting it between other funds for better diversification. I created a calculator to help specifically with that: http://www.providentplan.com/508/how-to-invest-for-retirement-a-diversified-investment-portfolio/ Hope it's OK to share that link, but I think it's a useful tool for anyone who wants to invest in a diversified portfolio at Vanguard. I’ll second the vote for Vanguard as well.

I think it’s worth it to save up in something like an ING Direct Orange Savings account until you reach Vanguard’s minimum. You can start out with the Vanguard STAR Fund at $1,000 (not my favorite but it’s the only low minimum option). Once you hit $3,000 you can go to a target retirement date fund. After that, you can start splitting it between other funds for better diversification. I created a calculator to help specifically with that:

http://www.providentplan.com/5.....portfolio/

Hope it’s OK to share that link, but I think it’s a useful tool for anyone who wants to invest in a diversified portfolio at Vanguard.

]]> By: MITBeta @ Don't Feed the Alligators http://www.fivecentnickel.com/2010/03/10/best-places-to-invest-for-retirement/comment-page-1/#comment-144101 MITBeta @ Don't Feed the Alligators Wed, 10 Mar 2010 19:27:00 +0000 http://www.fivecentnickel.com/?p=4491#comment-144101 I'll second the 1st vote for Vanguard. But, T. Rowe Price is also a good management company. I heard that they were founded on the principle of being the low minimum version of Vanguard. You can open an account there with something like $25 as long as you set up an automatic payment plan, versus Vanguard's $1000, $3000, $10000 minimum structure. I’ll second the 1st vote for Vanguard.

But, T. Rowe Price is also a good management company. I heard that they were founded on the principle of being the low minimum version of Vanguard. You can open an account there with something like $25 as long as you set up an automatic payment plan, versus Vanguard’s $1000, $3000, $10000 minimum structure.

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