It's pretty much a personal preference. Fidelity and Vanguard are two of the largest investment companies in the world. Its quite a simple allocation. This will have all of the types of investments you'll eventually want. All three are good but right now Schwab is the best. Vanguard and Fidelity have a lot more than just mutual funds to offer IRA investors. I kinda hate their interface, but for retirement funds it's fine. Converted a traditional IRA to the Roth IRA. 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. TIAA and Vanguard Comparison Vanguard caters to long-term buy-and-hold investors, while TIAA (formerly … Their customer service rocks! I wish I had gone fidelity for this reason. I have accounts with both - a Roth with Vanguard and a rollover IRA with Fidelity. They automatically rebalance so you can do exactly what you are asking to do. 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 … 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. Vanguard is definitely a great company, and my 401k and Roth IRA are both there. I have accounts with both - a Roth with Vanguard and a rollover IRA with Fidelity. By using our Services or clicking I agree, you agree to our use of cookies. 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. So I need to get that straightened out. Here are a few reasons you might choose Fidelity over Vanguard - in my opinion these are totally unnecessary distractions for most investors. I currently have all my rollovers with VG and my current 401K with Fidelity. Schwab and Fidelity certainly aren't mistakes either though, and have comparable options. Investing. I did a quick scan of fzrox. There are quite a few Fidelity index funds that have nearly identical names to their passive counterparts. Most of my money is at Fidelity, though I do have a Roth IRA over at Vangaurd. I did apply for their 2% card last night but forgot I had a fraud alert on it. They both have them. A Fidelity IRA has no set-up fee, no annual fee, and no maintenance fee. On Sunday January 3rd I put in an order for an IRA … Vanguard. I think for now I will stick with my credit union. I dump more money into fidelity because of the fractional share feature. 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. 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. 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. As the government’s dire financial situation is exposed, it will start … 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 don't see a downside to buying VTI in a Fidelity account rather than a Vanguard account. These are two decent choices for a Roth IRA... Fidelity ZERO Total Market Index Fund (FZROX), Fidelity ZERO Large Cap Index Fund (FNILX). Fidelity has cheaper commissions on trading individual stocks and ETF's for small account sizes. They are both good service wise. True. (I realize this can be a 'religious' debate.). 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. If it's your first time, they can be confusing. Roth IRA: Vanguard vs. Fidelity vs. Schwab? Fidelity has a selection of mutual funds with no minimum investment and a zero expense ratio. They both have them. I am sure I would be equally as happy at Vanguard. If you think .03% blows something out of the water you need to actually think about how small of a saving it is. I will take a look. 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. New comments cannot be posted and votes cannot be cast. Vanguard does this as essentially a 4 fund. Read, learn, and compare to make the best choice in 2021. Retirement Accounts (articles on 401(k) plans, IRAs, and more). I looked at all 3 for my Roth IRA and they're all good companies. Ultimately, it may come down to your preference of fund … Why would you be looking at Fidelity if you're an experienced investor? But Fidelity has more mutual funds to pick from. 6 The reason for me wanting to speak to someone is I'm still new to all of this. For retirement accounts, they both will serve you well. Do some due diligence and see who has the cheapest expense ratio. A Vanguard IRA does have a $20 annual fee. They are part of the coop and I get 4 ATM reimbursements outside of the coop. First contributed directly to the Roth IRA. Roth IRA Traditional IRA; Key tax benefits: Contributions are made with after-tax money and any potential earnings grow tax-free. Something doesn't sound right. US stock, US bond, International stock, International bond. I like Fidelity's interface and have never had any issues or frustrations with their customer service. Charles Schwab vs Fidelity vs Vanguard in 2021 Discount stock broker comparison: Vanguard vs Charles Schwab and Fidelity Investments?