|
#1
|
|||
|
|||
Roth IRA
Ok this year i baught a Roth IRA with prudential finacial. I am planing on putting another $3000 next year into a IRA. Is it smart to use prudential for this year or should i use another company?
|
#2
|
|||
|
|||
Re: Roth IRA
You only get one roth ira. Just keep adding money every year. If for some reason you decide you dont like Pru, you move that account to another company
|
#3
|
|||
|
|||
Re: Roth IRA
The 2005 limit for IRAs is $4,000.
Prudential is no different from any other large company. There are good advisors and bad ones there. They have good products and bad ones. Its hard to say which one you've got (advisor and/or investment product). |
#4
|
|||
|
|||
Re: Roth IRA
[ QUOTE ]
You only get one roth ira. Just keep adding money every year. If for some reason you decide you dont like Pru, you move that account to another company [/ QUOTE ] I don't think this is correct. |
#5
|
|||
|
|||
Re: Roth IRA
[ QUOTE ]
[ QUOTE ] You only get one roth ira. Just keep adding money every year. If for some reason you decide you dont like Pru, you move that account to another company [/ QUOTE ] I don't think this is correct. [/ QUOTE ] You can open up as many Roth IRA accounts with as many different brokerages as you like. However, the contribution limits apply to the aggregate of your accounts, so it won't allow you to contribute any more than the $4,000 amount per year. |
#6
|
|||
|
|||
Re: Roth IRA
You should usually stick with one company to minimize your account admin fees. Also, with more money in an account a broker should pay more attention to your money.
|
#7
|
|||
|
|||
Re: Roth IRA
Broker?
Who uses a broker? Probably people who shop at the mall, have dial-up, use pay phones and buy books for full price at Borders. |
|
|