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Sijad H.
Sijad H., Consultant
Category: General
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Experience:  Jack of all trades. I know a little bit about a lot of bit.
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What is the best company to open a Roth ira with?

Resolved Question:

What is the best company to open a Roth ira with?
Submitted: 5 years ago.
Category: General
Expert:  Sijad H. replied 5 years ago.

supercj21 :

Hi and thank you for your question. I will be happy to assist you.

Customer:

hi

supercj21 :

The most popular online brokers for opening a roth IRA are places like E Trade, Fidelity Investments, Vanguar, Scottrade, etc. Are there certain features you are looking for in these places?

Customer:

ok, I have a 403 b worth 11,662. I no longer work for that company and want to roll it over. My thought is to roll it into a roth.

supercj21 :

ok. Scottrade is offering $100 to roll over your ira with them. Click Here to view the details.

Customer:

ok, my understanding is that I can only roll over 5k a year. What can i do with the balance of the money to avoid penalties

supercj21 :

I dont believe that is correct. You should be able to roll over your entire account.

Customer:

really, so there will be no penalty?

supercj21 :

Im pretty sure. Let me check real quick before I give you a for sure answer.

Customer:

ok, thanks

supercj21 :

Alright, you would suffer a penalty if you cashed out on your 401k but there is no penalty to Roll it over.

Customer:

ok, so its a 403b, be there is no penelty?

supercj21 :

Thats correct. No penalty.

Customer:

thanks, XXXXX XXXXX the typos, typing too fast!

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