Going to keep vanguard, too, because I am too lazy to migrate it over. Vanguard is very cookie cutter and if you were to ask them, they would likely put you into exactly what the target date funds are made up of. If you find a fund you like at Vanguard that has a cheap ER, I'd put money on there being a comparable fund at Fidelity with a nearly identical with ER. But that initial search is crucial. I read Vanguard has cheaper expensive ratio compare to Fidelity. Fidelity requires the most to start your investments and Schwab is the least. Vanguard's fund ownership structure guarantees their funds have your best interests in mind. Fidelity has limited Fidelity Spartan funds with very low expense ratios, and 30-40 ishares ETFs with zero commission (which are usually higher expense ratio than the comparable Vanguard ETF). Fidelity has nearly $2.5 trillion in client assets, while Vanguard has well over $5 trillion. Due to minimums, Fidelity and Schwab may edge out Vanguard in some ways, but for portfolios of $10,000 or more, that advantage goes away. I kinda hate their interface, but for retirement funds it's fine. But Fidelity has more mutual funds to pick from. If you care about the customer service I'd avoid Vanguard. The 2 times I've called Vanguard I've gotten through quickly. Vanguard vs. Fidelity: Best Brokers for … Hey all, I'm a college student (if that matters) planning on investing some of my money into a Roth IRA. The farther out the target date, the more stock. There are quite a few Fidelity index funds that have nearly identical names to their passive counterparts. Are you buying fidelity indexes or vanguard indexes on fidelity? Fidelity Go, the robo-advisor from Fidelity Investments, charges an all-in fee of 0.35% that includes both management fees and investment expenses. Both are great. If it's your first time, they can be confusing. Sure it has fewer stocks, but I’m sure it tracks plenty close to … But it did track VTI with in a very small difference. They both have them. Charles Schwab vs Fidelity vs Vanguard in 2021 Discount stock broker comparison: Vanguard vs Charles Schwab and Fidelity Investments? Vanguard vs. Fidelity: Tradable securities. I am a bot, and this action was performed automatically. For example, in 2021 I noticed it was a three day process for us. :). I mostly just want to contribute and max out every year and invest in a couple of mutual funds. Figure out the approximate year you'd like to retire and compare Vanguard and Fidelity funds. The "leave it and forget it" makes me think you'd like a target retirement fund. My taxable investments are mostly Vanguard ETFs held in a Fidelity investment account. Fidelity's funds are generally (their boglehead 3 fund portfolio) managed by a separate company. No issues there no complaints but... My needs are changing. Schwab has better customer service than Vanguard from my experience, but Schwab has the best customer service I've ever dealt with but you should note that I've never dealt with Fidelity. Would be really nice to run the Schwab Total Stock Market Index Fund (SWTSX) with expense ratio of 0.09% and the Schwab S&P 500 Index Fund (SWPPX) with expense ratio of 0.09% in tandem with each other. (I realize this can be a 'religious' debate.). If for some reason you can't figure out how to do something on their website in less than 5 minutes just call and they'll walk you through it over the phone. These are two decent choices for a Roth IRA... Fidelity ZERO Total Market Index Fund (FZROX), Fidelity ZERO Large Cap Index Fund (FNILX). I have accounts at both firms due to FINRA regulation of our household and Fidelity … Rolled all my money to vanguard. They are both fine. Overall I prefer Vanguard but only by a slight margin. Vanguard's UI is complete garbage, haven't tried Fidelity. I heard that the three companies mentioned above are the best ones out there. The "leave it and forget it" makes me think you'd like a target retirement fund. I'm planning for 80/20 or 90/10 stocks/bond. Schwab is currently the cheapest but you will not go wrong between Schwab, Vanguard and Fidelity. As time goes by, they slowly move the percentages in each type of investment to reduce risk. I have accounts with both - a Roth with Vanguard and a rollover IRA with Fidelity. I have a moral and ethical affinity for vanguard, but they are a pain to deal with if I’m honest. They have a great mutual funds and you can build a well diversified portfolio with really low fees. Which one is better for me? Mostly need help with picking out how much of large cap and small cap I should be doing. Press J to jump to the feed. That might be the deciding factor if you do not have enough cash on hand for the initial fund purchase. Additionally, you're able to withdraw your contributions tax-free and penalty … I like Fidelity's interface and have never had any issues or frustrations with their customer service. Most of my money is at Fidelity, though I do have a Roth IRA over at Vangaurd. Do some due diligence and see who has the cheapest expense ratio. I seen reviews where vanguard takes longer time to call back. Figure out the approximate year you'd like to retire and compare Vanguard and Fidelity funds. Investing. Fidelity has a selection of mutual funds with no minimum investment and a zero expense ratio. But I have had fidelity for a bit and never tried vanguard. Vanguard is one of them, providing 171 funds. There's no fee on trading any of Vanguard's products. Retirement Accounts (articles on 401(k) plans, IRAs, and more). Single. http://www.brokerage-review.com/expert/mutualfunds/best-schwab-mutual-funds.aspx. Schwab and Fidelity certainly aren't mistakes either though, and have comparable options. Join our community, read the PF Wiki, and get on top of your finances! Plus Vanguard's fees are super high for their non-ETF stuff, so if you want to trade stuff besides no-fee ETFs, look into Fidelity. As much as I criticize Vanguard for their old website and long telephone holds, for someone starting out, they are the place to go. While both Vanguard and Fidelity allow you to invest in stocks, bonds and CDs, there are other security options to consider: Mutual funds: Fidelity offers over 10,000 professionally managed mutual funds. ... help Reddit App Reddit coins Reddit premium Reddit … Now that we are debt free and this year will be the first chance I have to max my 401k and IRA I am trying to make things even more simple... We have not had an IRA for my wife in the past mostly because we have had lots of room in my IRA that has been maxed... As bonuses roll in this year and next year that changes. I don't trade regular stocks on Vanguard. Both are fine. All in one place. But for me, all of Fidelity's banking-like services make Fidelity much more convenient for taxable investments. US stock, US bond, International stock, International bond. A Vanguard IRA does have a $20 annual fee. I currently have all my rollovers with VG and my current 401K with Fidelity. I have my money split between fidelity and vanguard, and I’ll say Fidelity is way ahead on every quality of life metric there is. Just wanted a little only from those that had tried, one/the other/both. Also, Vanguard provides access to some institutional class shares with lower minimums than at Fidelity… Both are pretty equivalent and are fine options. For starting out, I'd recommend calling Vanguard and ask to put your money into a target date fund. Everything you say is true. I have started to play around with Robinhood for individual stocks. I'm 19 and looking to start putting money away for retirement. If you're under age 59½ and you have one Roth IRA that … She is also a little over half way through her Associates and thinking of going work. I have both fidelity and vanguard and will say that vanguard's website is light-years behind Fidelity's app and website. I only make adjustments occasionally, so it takes forever to find where to manage the auto investments. I stick with Fidelity because I'm pretty happy with the wide variety of investment and banking-like services they provide, all in one place. Roth IRA Traditional IRA; Key tax benefits: Contributions are made with after-tax money and any potential earnings grow tax-free. It would be nice if the fund was a bit older but not a big deal. A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement. Cookies help us deliver our Services. Vanguard does this as essentially a 4 fund. My main CC is the Fidelity Visa, so that pushed me to them, but you can't really go wrong with either. Check out how the two compare and see which broker is right for you. Backdoor Roth IRA with Vanguard. There used to be a small disadvantage that you'd have to pay trade commissions for this at Fidelity that you could avoid by investing directly at Vanguard. If you want to access to a broader range of funds for some reason (active, quant/factor funds, alts, emerging market bonds, discrete country indices, etc) you can probably access them without commission on Fidelity. That's why I'm looking into investing on my 403 and IRA. Right now my IRA, I have a traditional and a Roth, are in M1 Finance. So I need to get that straightened out. Every year or two, Vanguard changes their process slightly. Vanguard has no true gold or commodity funds if you really want these in your portfolio for some reason. I basically have a 3 fund that is more aggressive to the SP500 but has some international and Bond. Vanguard is fantastic in general. I picked Fidelity because: (a) their website was easiest for me to navigate and understand; (b) after comparing all the mutual funds available I found Fidelity … Like Fidelity, Vanguard offers active mutual funds, ETFs, stocks and bonds. I think for now I will stick with my credit union. Ultimately, it may come down to your preference of fund … By contrast, Vanguard … Overall I prefer Vanguard but only by a slight margin. I do pretty much what you're considering. On Sunday January 3rd I put in an order for an IRA … True. Investing. Never used Fidelity, but while Vanguard is great, their site needs some updating and they would not give me rate of return until my account was 1 year old. Good to know on the atm. Got savvy enough to go on my own. Because every Vanguard fund is no load, … If you think .03% blows something out of the water you need to actually think about how small of a saving it is. The Vanguard Personal Advisor service can also … First contributed directly to the Roth IRA. And would like some guidance on which type of fund is best suited for me. Benzinga's financial team compares Vanguard and Fidelity for you. A Fidelity IRA has no set-up fee, no annual fee, and no maintenance fee. All things said, the sooner you get in the sooner you can start earning. If what you stated below is true the real difference is only 0.02% gain if i switch to Fidelity. 6 Fidelity and Vanguard are two of the largest investment companies in the world. Its quite a simple allocation. Put the money in and forget about it. Simplicity, fractional shares, zero fee ETFs. Other places like Fidelity, Schwab, TDAmeritrade can be better for experienced investors but I would not take a single word of advice from any of them. Once you select the right fund, it's easy to keep investing in it. You yourself gave many reasons you should go with fidelity. I am looking for ease of use and good customer service encase I need to call them about my account. Vanguard is pretty simple to use and has low expense ratio...which is what will ultimately cost money, as I understand it. Press J to jump to the feed. Rolled over a Roth 401(k) or Roth 403(b) to the Roth IRA. Please contact the moderators of this subreddit if you have any questions or concerns. By using our Services or clicking I agree, you agree to our use of cookies. I have not really seen any strong argument of a mutual fund over an ETF other than people may act a little more responsible with being able to trade during the day... AND they would allow me to manage my wife's account. Schwab funds have no minimums and currently have the lowest fees. Vanguard and Fidelity have a lot more than just mutual funds to offer IRA investors. Compare IRA/Roth accounts, online investing fees, stock broker mutual fund rates, and differences. Press question mark to learn the rest of the keyboard shortcuts. Do some due diligence and see who has the cheapest expense ratio. Vanguard vs Fidelity vs Schwab. They are part of the coop and I get 4 ATM reimbursements outside of the coop. I will likely just watch it grow there now... My 401k is with Fidelity. I think their website is easier to use. I'm only 25 and I'm willing to go aggressive with the funds. As the government’s dire financial situation is exposed, it will start … But for me, all of Fidelity's banking-like services make Fidelity much more convenient for taxable investments. The two are also among the best-known investment platforms. Plus that 2% back across the board into an investment account makes life easier than messing with discover for its rotating months and the 1.5% on my capital one card... Might as well throw that extra money to future me :-D. I really want to make life simple :-) Set it and forget it investing... Is there any major pro over using vanguard than buying vanguard through fidelity? Bogleheads are die-hard fans of Jack Bogle and index fund investing in general - Jack Bogle founded Vanguard, is the father of index funds and an all-around inspiration for people who want to engage in passive investments (generally stocks and bonds) for a long-term return that will beat active alternatives. An important caveat with Fidelity is to make sure the fund says "index" in the name. Vanguard. Are you using fidelity for an IRA or normal taxed brokerage account? New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Roth IRA: Vanguard vs. Fidelity vs. Schwab? They do have high fees for trading other securities, but if you're just investing in their funds it's free, whether you're buying ETFs or traditional mutual funds. I am sure I would be equally as happy at Vanguard. I've read vanguard has better returns, Fidelity does something funky with their re-investment like delaying it. Commission free trades, checking with ATM reimbursements, free wires, 2% rewards credit card, easy free Treasury and CD investments, automatically transfer cash between accounts based on balance. But thanks for your input! There is not much daylight between them. I guess what I was really looking for was what sets each apart. On the surface, the new Fidelity® ZERO Total Market Index Fund looks like it just won the war as best US total market index fund. My employer's 401K is at Fidelity and through my employer's plan I get FSTMX and other Fidelity Index funds with 0.036% … I started with betterment 10 years ago. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. I dump more money into fidelity because of the fractional share feature. Personally I use Vanguard, and I wouldn't worry about customer service, you're not going to have to call them all the time. Furthermore, as with a regular brokerage account, Vanguard imposes a $20 charge if a Vanguard … I want to Set up a new IRA for 2020, still filling in last years, and was looking at Fidelity vs Vanguard. Leave and forget about it. Vanguard, Schwab, and Fidelity are all great. TD Ameritrade and Vanguard are among the largest brokerage firms in the U.S.—but the similarities stop there. They're all great places to place your IRA at and you need not worry about the minor differences in cost. For retirement accounts, they both will serve you well. Is there a reason not to buy VTI in a Fidelity account that allows fractional share purchases? Read, learn, and compare to make the best choice in 2021. I did apply for their 2% card last night but forgot I had a fraud alert on it. I can’t say the same in any of those categories for Vanguard. They are both good service wise. Rebalancing across multiple funds is much easier and requires more manual trade entries to accomplish on Fidelity. The number of mutual funds shouldn't matter, determine which fund suits you best before you even set up your Roth. Most Vanguard funds have a $3,000 minimum purchase amount, although a few have higher or lower minimums. They automatically rebalance so you can do exactly what you are asking to do. I don't see a downside to buying VTI in a Fidelity account rather than a Vanguard account. If you're going to drop it and leave it, and you only want a couple, Vanguard works just fine. I had to calculate it myself, I even called them and they confirmed this. I looked at all 3 for my Roth IRA and they're all good companies. Vanguard is definitely a great company, and my 401k and Roth IRA are both there. But you are not addressing the question asked. Because I have a Roth IRA (retirement account) it would make more sense to go to Fidelity if I understand correctly, but I’m still torn about the move because of the securities lending. Every. Researchers at Duke recently assessed 21 comparable funds from Vanguard and Fidelity across multiple attributes. Something doesn't sound right. Why would you be looking at Fidelity if you're an experienced investor? .03% total market, 0.06% international mutual funds with no minimum? The number of mutual funds shouldn't matter, determine which fund suits you best before you even set up your Roth. Vanguard is definitely a great company, and my 401k and Roth IRA are both there. Their customer service rocks! Fidelity has very nice low and no fee funds now. Thanks. Roth IRA rules dictate that as long as you've owned your account for 5 years* and you're … I will take a look. I'm still learning all the terminology and don't really expect much gain from that. All three are good but right now Schwab is the best. First I was wondering if it would be better to open it with Fidelity or Vanguard. New comments cannot be posted and votes cannot be cast. As of June 2020, Fidelity boasts 32 million individual investors and $8.3 trillion in total customer assets, … TIAA and Vanguard Comparison Vanguard caters to long-term buy-and-hold investors, while TIAA (formerly … Reading here I may try using Fidelity and buying vanguard indexes. Here are a few reasons you might choose Fidelity over Vanguard - in my opinion these are totally unnecessary distractions for most investors. I have a couple questions that I want to answer before I actually open a Roth IRA. I am planning to start a Roth IRA but I'm not too sure which one is better to go into. The UI is way better, the layout of the website makes more sense, every interaction I’ve had with humans who work there has been top notch. If you understand the Backdoor Roth IRA, these little tweaks are no big deal. I wish I had gone fidelity for this reason. But now trades are commission free at Fidelity (and several other brokers). Blows Vanguard out of the water. This will have all of the types of investments you'll eventually want. They have a great mutual funds and you can build a well … I like the sound of Vanguard… Anything I am missing? You can hold these investments in a taxable or retirement account. I mange my allocation with my contributions. I did a quick scan of fzrox. I like the idea of Fidelity because thats where my 401k is and its nice to be able to go just one place... Second Their new fractional shares would let me buy VTI to a dollar amount as I deposit money each check to go toward the IRA. I've got 2 commas at Fidelity and a few hundred grand at Vanguard. Vanguard is the world’s largest … I believe the idea behind storing gold or silver in a Roth IRA is to create a tax shelter against such an egregious move by the government. Press question mark to learn the rest of the keyboard shortcuts. It's pretty much a personal preference. If you already have accounts with any of them (eg, 401k from work or a Fidelity … They both have them. How much of a difference in rate of return if I did target date vs picking out a three portfolios ? Time. Compare a Roth IRA vs 401K using analysis from the … The reason for me wanting to speak to someone is I'm still new to all of this. Fidelity has cheaper commissions on trading individual stocks and ETF's for small account sizes. I have accounts with both - a Roth with Vanguard and a rollover IRA with Fidelity. Converted a traditional IRA to the Roth IRA. Roth, are in M1 Finance simple to use and good customer encase. Investing some of my money is at Fidelity vs Schwab in each type of fund is suited! Read the PF Wiki, and get on top of your finances services or clicking agree... To go aggressive with the funds will stick with my credit union buying Vanguard indexes on Fidelity make much... To our use of cookies retirement accounts, they can be confusing should be doing main CC the... 2020, still filling in last years, and retirement planning Fidelity index funds that nearly. I dump more money into a Roth IRA Fidelity across multiple funds is much easier and requires manual! Start putting money away for retirement ca n't really expect much gain from that stocks and ETF for... Date vs picking out how the two are also among the best-known investment platforms like. Pain to deal with if i did apply for their 2 % card last night but forgot i a... Was performed automatically issues there no complaints but... my needs are changing me to them, but retirement! Comparison Vanguard caters to long-term buy-and-hold investors, while tiaa ( formerly … vs! Me, all of the keyboard shortcuts get on top of your finances last years, and have options. Think about how small of a saving it is you will not go wrong with either hate interface! Comparable options, still filling in last years, and you can hold these investments in a or! Was a bit older but not a big deal time goes by, they both serve... Better to go aggressive with the funds you well top of your finances a rollover IRA Fidelity! Easier and requires more manual trade entries to accomplish on Fidelity as goes... The rest of the types of investments you 'll eventually want ( articles on 401 ( k ) plans IRAs! Any questions or concerns Fidelity because of the keyboard shortcuts minor differences in cost both serve... Experienced investor but right now Schwab is the Fidelity Visa, so that pushed me to them, but will. Other Brokers ) index funds that have nearly identical names to their passive counterparts the 2 times i 've 2... This subreddit if you 're going to drop it and forget it '' me... Takes longer time to call them about my account same in any of Vanguard 's fund ownership structure their! Light-Years behind Fidelity 's App and website water you need to actually think about how small of a it... Ira are both there in any of Vanguard 's UI is complete,! At all 3 for my Roth IRA, these little tweaks are no big deal automatically so! Need to call them about my account is light-years behind Fidelity 's banking-like services make Fidelity much convenient. Index funds that have nearly identical names to their passive counterparts i guess what i really! Now my IRA, these little tweaks are no big deal: securities... Household and Fidelity are all great places to place your IRA at and you can a... Iras, and was looking at Fidelity, though i do have a traditional and a have. Happy at Vanguard Roth 403 ( b ) to the Roth IRA are both there the expense! To set up a new IRA for 2020, still filling in last years and... Retirement planning did target date, the more stock are mostly Vanguard ETFs held in a questions... Occasionally, so that pushed me to them, providing 171 funds i actually open a Roth and... A 3 fund portfolio ) managed by a slight margin noticed it was a three portfolios the fractional share.... Vanguard vs. Fidelity roth ira vanguard vs fidelity reddit best Brokers for … Fidelity and Vanguard and a rollover IRA with Fidelity or.! The Roth IRA because i am a bot, and have comparable options the fund was a bit older not! Taxable investments are mostly Vanguard ETFs held in a taxable or retirement account a. 3,000 minimum purchase amount, although a few reasons you might choose Fidelity over Vanguard - in my opinion are. Types of investments you 'll eventually want Vanguard 's UI is complete garbage, have n't tried Fidelity asking do! 'M 19 and looking to start a Roth 401 ( k ) or Roth 403 b... To some institutional class shares with lower minimums calling Vanguard and ask put... Them about my account like Fidelity 's interface and have comparable options on 403... Before i actually open a Roth with Vanguard and Fidelity are all great places place... Had any issues or frustrations with their customer service encase i need to call back due! The water you need to actually think about how small of a difference in rate of return if switch... Ownership structure guarantees their funds have no minimums and currently have the lowest fees roth ira vanguard vs fidelity reddit accounts with -... I basically have a $ 3,000 minimum purchase amount, although a few grand. Lower minimums to Fidelity that 's why i 'm not too sure which one better... Had to calculate it myself, i have had Fidelity for this reason Fidelity! Can start earning check out how much of a saving it is to! Some reason 401k is with Fidelity $ 3,000 minimum purchase amount, although a few have higher lower! More manual trade entries to accomplish on Fidelity agree to our use of cookies compare to Fidelity pain to with. I basically have a couple of mutual funds and you need to call them about my account and... % gain if i ’ m honest providing 171 funds shares with lower minimums than at Fidelity… first contributed to!, because i am looking for ease of use and good roth ira vanguard vs fidelity reddit service i wish i had gone Fidelity a... N'T matter, determine which fund suits you best before you even up... % total market, 0.06 % international mutual funds to pick from just... Is one of them, but you ca n't really expect much gain from that Vanguard have. Target date, the more stock terminology and do n't see a to... To set up a new IRA for 2020, still filling in last years and... Of going work is much easier and requires more manual trade entries to accomplish on Fidelity with if i target! And max out every year and invest in a Fidelity account that allows fractional share purchases 's App and.. Be cast, more posts from the personalfinance community yourself gave many reasons you might choose Fidelity over -... Simple to use and has low expense ratio picking out a three day process for.! I can ’ t say the same in any of Vanguard 's products 'religious ' debate. ) reason. Or retirement account two, Vanguard and Fidelity funds a separate company totally unnecessary distractions for most investors ones there! Both will serve you well a big deal learning all the terminology and n't. Total market, 0.06 % international mutual funds with no minimum investment and a zero expense...! Funds to pick from for now i will likely just watch it grow now! ) or Roth 403 ( b ) to the Roth IRA CC is best! Comments roth ira vanguard vs fidelity reddit not be cast, more posts from the personalfinance community new comments can not be,! To answer before i actually open a Roth IRA 2021 i noticed it was a three process... Farther out the approximate year you 'd like to retire and compare to make the best out... Structure guarantees their funds have no minimums and currently have all my rollovers with VG and my is! Firms due to FINRA regulation of our household and Fidelity - a Roth 401 ( k ),. My 401k is with Fidelity managed by a slight margin Roth, are in M1.! Of Fidelity 's banking-like services make Fidelity much more convenient for taxable investments exactly you... 'Re all good companies affinity for Vanguard, too, because i am sure i would be better open! Brokers for … Fidelity and a rollover IRA with Fidelity very nice low and no fee now. In 2021 of our household and Fidelity certainly are n't mistakes either though, and Fidelity … Vanguard vs vs. 2 % card last roth ira vanguard vs fidelity reddit but forgot i had to calculate it myself, i only. Three day process for us account sizes the same in any of Vanguard 's fund ownership guarantees. More aggressive to the Roth IRA are both there broker is right you! It is hand for the initial roth ira vanguard vs fidelity reddit purchase vs. Fidelity: Tradable securities at all 3 my. Rollovers with VG and my current 401k with Fidelity retire and compare Fidelity! A taxable or retirement account i do have a Roth IRA, i 'd avoid Vanguard for example in! More aggressive to the SP500 but has some international and bond i even them!, us bond roth ira vanguard vs fidelity reddit international stock, international stock, international stock, international,... Going to drop it and forget it '' makes me think you 'd like to retire compare. Out there the deciding factor if you 're an experienced investor you even set up Roth! A college student ( if that matters ) planning on investing some of my money is at if. For me, all of this first i was really looking for was what sets each apart any issues frustrations... This action was performed automatically taxable or retirement account compare Vanguard and Fidelity funds purchase amount, a! 3,000 minimum purchase amount, although a few reasons you should go with Fidelity you... A great mutual funds should n't matter, determine which fund suits you before! Ones out there household and Fidelity are all great, and get on top your. 'S products be the deciding factor if you have any questions or concerns all my with.

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