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Hey everyone, after finally seeing the millionth mention of how great Vanguard's IRA options are, I decided it was time to switch. I originally used Betterment because I only had experience with robo-advisors and it seems to be widely regarded as the best one, but people seem to prefer Vanguard for lower fees and I finally decided to hop on.

First thing's first, I already know I did this inefficiently. Since it said it would require paperwork to transfer the account over, I just decided to take the penalty and withdraw my <$500 from Betterment. Then, I just put through a minimum deposit for a 2065 Target Retirement Fund on the Roth IRA I created with Vanguard.

My question here is, is there anything I'm missing by doing this? I know I will get hit with the 10% early withdrawal bonus, but I'm not really worried about that part. Primarily, is there more I could/should be doing in my Vanguard Roth IRA that won't cost me a $3,000 minimum investment? Even when I can afford that, does it make sense to put in another mutual fund if I'm not a super risky investor and am perfectly fine to set and forget it?

Any help on this is much appreciated! Admittedly, the Vanguard website definitely baffled me with how un-intuitive it is compared to most robo-advisors, so I wasn't really sure where to go or look for anything. Thanks!



Submitted March 07, 2021 at 07:05PM by RunAround13 https://ift.tt/2MTQ7GA

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