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Early Retirement / Fidelity over Vanguard for a Traditional IRA?
« on: March 27, 2020, 08:54:01 PM »
I've contributed to a Roth 401k from my work previously, but that's pretty much all the experience I have when it comes to investing (so almost nonexistent).
Now, I'm looking into opening a Traditional IRA, and wanted to make sure I'm not missing anything before I go ahead and open an account. I looked into Vanguard since I thought it was considered the best when it comes to low expense ratios, but looking into Fidelity I noticed it had even lower expense ratios. This is mostly following Index funds/ETFs that follow S&P500 (VFIAX/VTI and FXIAX). They both had similar average returns, and no loads or commisions, but Vanguard has a minimum of $3,000 and you have to have at least $10,000 in each mutual fund to not inquire a $20 annual account service fee. I didn't see anything like that in Fidelity. It seems to me that Fidelity is better than Vanguard for what I'm looking for right now. Is there anything that I'm missing that I should be aware of?
Thank you so much in advance.
Now, I'm looking into opening a Traditional IRA, and wanted to make sure I'm not missing anything before I go ahead and open an account. I looked into Vanguard since I thought it was considered the best when it comes to low expense ratios, but looking into Fidelity I noticed it had even lower expense ratios. This is mostly following Index funds/ETFs that follow S&P500 (VFIAX/VTI and FXIAX). They both had similar average returns, and no loads or commisions, but Vanguard has a minimum of $3,000 and you have to have at least $10,000 in each mutual fund to not inquire a $20 annual account service fee. I didn't see anything like that in Fidelity. It seems to me that Fidelity is better than Vanguard for what I'm looking for right now. Is there anything that I'm missing that I should be aware of?
Thank you so much in advance.