Because every Vanguard fund is no load, … They are part of the coop and I get 4 ATM reimbursements outside of the coop. I kinda hate their interface, but for retirement funds it's fine. For retirement accounts, they both will serve you well. The 2 times I've called Vanguard I've gotten through quickly. Rolled over a Roth 401(k) or Roth 403(b) to the Roth IRA. 6 Vanguard, Schwab, and Fidelity are all great. The "leave it and forget it" makes me think you'd like a target retirement fund. I'm only 25 and I'm willing to go aggressive with the funds. Rebalancing across multiple funds is much easier and requires more manual trade entries to accomplish on Fidelity. Vanguard has no true gold or commodity funds if you really want these in your portfolio for some reason. You can hold these investments in a taxable or retirement account. Vanguard's fund ownership structure guarantees their funds have your best interests in mind. Fidelity's funds are generally (their boglehead 3 fund portfolio) managed by a separate company. Both are pretty equivalent and are fine options. But now trades are commission free at Fidelity (and several other brokers). Do some due diligence and see who has the cheapest expense ratio. There used to be a small disadvantage that you'd have to pay trade commissions for this at Fidelity that you could avoid by investing directly at Vanguard. A Vanguard IRA does have a $20 annual fee. Fidelity has cheaper commissions on trading individual stocks and ETF's for small account sizes. Here are a few reasons you might choose Fidelity over Vanguard - in my opinion these are totally unnecessary distractions for most investors. Roth IRA Traditional IRA; Key tax benefits: Contributions are made with after-tax money and any potential earnings grow tax-free. Benzinga's financial team compares Vanguard and Fidelity for you. Plus that 2% back across the board into an investment account makes life easier than messing with discover for its rotating months and the 1.5% on my capital one card... Might as well throw that extra money to future me :-D. I really want to make life simple :-) Set it and forget it investing... Is there any major pro over using vanguard than buying vanguard through fidelity? My taxable investments are mostly Vanguard ETFs held in a Fidelity investment account. Most of my money is at Fidelity, though I do have a Roth IRA over at Vangaurd. There is not much daylight between them. Are you using fidelity for an IRA or normal taxed brokerage account? My main CC is the Fidelity Visa, so that pushed me to them, but you can't really go wrong with either. I currently have all my rollovers with VG and my current 401K with Fidelity. The number of mutual funds shouldn't matter, determine which fund suits you best before you even set up your Roth. If you understand the Backdoor Roth IRA, these little tweaks are no big deal. They're all great places to place your IRA at and you need not worry about the minor differences in cost. They are both good service wise. New comments cannot be posted and votes cannot be cast. Commission free trades, checking with ATM reimbursements, free wires, 2% rewards credit card, easy free Treasury and CD investments, automatically transfer cash between accounts based on balance. It's pretty much a personal preference. I started with betterment 10 years ago. I think for now I will stick with my credit union. I have accounts with both - a Roth with Vanguard and a rollover IRA with Fidelity. Sure it has fewer stocks, but I’m sure it tracks plenty close to … So I need to get that straightened out. Put the money in and forget about it. Reading here I may try using Fidelity and buying vanguard indexes. They both have them. Both are fine. Vanguard does this as essentially a 4 fund. I've read vanguard has better returns, Fidelity does something funky with their re-investment like delaying it. Hey all, I'm a college student (if that matters) planning on investing some of my money into a Roth IRA. These are two decent choices for a Roth IRA... Fidelity ZERO Total Market Index Fund (FZROX), Fidelity ZERO Large Cap Index Fund (FNILX). TIAA and Vanguard Comparison Vanguard caters to long-term buy-and-hold investors, while TIAA (formerly … As time goes by, they slowly move the percentages in each type of investment to reduce risk. On the surface, the new Fidelity® ZERO Total Market Index Fund looks like it just won the war as best US total market index fund. I have not really seen any strong argument of a mutual fund over an ETF other than people may act a little more responsible with being able to trade during the day... AND they would allow me to manage my wife's account. I've got 2 commas at Fidelity and a few hundred grand at Vanguard. Schwab and Fidelity certainly aren't mistakes either though, and have comparable options. But thanks for your input! (I realize this can be a 'religious' debate.). For starting out, I'd recommend calling Vanguard and ask to put your money into a target date fund. Personally I use Vanguard, and I wouldn't worry about customer service, you're not going to have to call them all the time. 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 … Something doesn't sound right. Other places like Fidelity, Schwab, TDAmeritrade can be better for experienced investors but I would not take a single word of advice from any of them. 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. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Right now my IRA, I have a traditional and a Roth, are in M1 Finance. You yourself gave many reasons you should go with fidelity. By contrast, Vanguard … Vanguard is fantastic in general. A Fidelity IRA has no set-up fee, no annual fee, and no maintenance fee. Compare IRA/Roth accounts, online investing fees, stock broker mutual fund rates, and differences. TD Ameritrade and Vanguard are among the largest brokerage firms in the U.S.—but the similarities stop there. Single. Blows Vanguard out of the water. Press J to jump to the feed. http://www.brokerage-review.com/expert/mutualfunds/best-schwab-mutual-funds.aspx. 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 you're going to drop it and leave it, and you only want a couple, Vanguard works just fine. I do pretty much what you're considering. Their customer service rocks! Leave and forget about it. I have a moral and ethical affinity for vanguard, but they are a pain to deal with if I’m honest. US stock, US bond, International stock, International bond. Vanguard is one of them, providing 171 funds. Vanguard vs. Fidelity: Best Brokers for … 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. I will likely just watch it grow there now... My 401k is with Fidelity. They have a great mutual funds and you can build a well diversified portfolio with really low fees. Rolled all my money to vanguard. And would like some guidance on which type of fund is best suited for me. Vanguard is pretty simple to use and has low expense ratio...which is what will ultimately cost money, as I understand it. If you care about the customer service I'd avoid Vanguard. 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. Fidelity and Vanguard are two of the largest investment companies in the world. On Sunday January 3rd I put in an order for an IRA … Time. Just wanted a little only from those that had tried, one/the other/both. Retirement Accounts (articles on 401(k) plans, IRAs, and more). .03% total market, 0.06% international mutual funds with no minimum? They are both fine. I have accounts at both firms due to FINRA regulation of our household and Fidelity … As the government’s dire financial situation is exposed, it will start … Press J to jump to the feed. All things said, the sooner you get in the sooner you can start earning. Good to know on the atm. For example, in 2021 I noticed it was a three day process for us. Schwab funds have no minimums and currently have the lowest fees. If you already have accounts with any of them (eg, 401k from work or a Fidelity … They do have high fees for trading other securities, but if you're just investing in their funds it's free, whether you're buying ETFs or traditional mutual funds. Would be really nice to run the Schwab Total Stock Market Index Fund (SWTSX) with expense ratio of 0.09% and the Schwab S&P 500 Index Fund (SWPPX) with expense ratio of 0.09% in tandem with each other. This will have all of the types of investments you'll eventually want. There's no fee on trading any of Vanguard's products. Simplicity, fractional shares, zero fee ETFs. I am planning to start a Roth IRA but I'm not too sure which one is better to go into. Fidelity has nearly $2.5 trillion in client assets, while Vanguard has well over $5 trillion. I don't see a downside to buying VTI in a Fidelity account rather than a Vanguard account. Mostly need help with picking out how much of large cap and small cap I should be doing. Its quite a simple allocation. Vanguard. A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement. But I have had fidelity for a bit and never tried vanguard. I mostly just want to contribute and max out every year and invest in a couple of mutual funds. If what you stated below is true the real difference is only 0.02% gain if i switch to Fidelity. I'm 19 and looking to start putting money away for retirement. Investing. Ultimately, it may come down to your preference of fund … Check out how the two compare and see which broker is right for you. Thanks. Got savvy enough to go on my own. Furthermore, as with a regular brokerage account, Vanguard imposes a $20 charge if a Vanguard … Overall I prefer Vanguard but only by a slight margin. Once you select the right fund, it's easy to keep investing in it. I am looking for ease of use and good customer service encase I need to call them about my account. I'm planning for 80/20 or 90/10 stocks/bond. I have a couple questions that I want to answer before I actually open a Roth IRA. The reason for me wanting to speak to someone is I'm still new to all of this. But you are not addressing the question asked. I have my money split between fidelity and vanguard, and I’ll say Fidelity is way ahead on every quality of life metric there is. All in one place. I only make adjustments occasionally, so it takes forever to find where to manage the auto investments. Please contact the moderators of this subreddit if you have any questions or concerns. The Vanguard Personal Advisor service can also … No issues there no complaints but... My needs are changing. Fidelity has very nice low and no fee funds now. Every. If for some reason you can't figure out how to do something on their website in less than 5 minutes just call and they'll walk you through it over the phone. But it did track VTI with in a very small difference. Like Fidelity, Vanguard offers active mutual funds, ETFs, stocks and bonds. An important caveat with Fidelity is to make sure the fund says "index" in the name. Additionally, you're able to withdraw your contributions tax-free and penalty … Press question mark to learn the rest of the keyboard shortcuts. As much as I criticize Vanguard for their old website and long telephone holds, for someone starting out, they are the place to go. I believe the idea behind storing gold or silver in a Roth IRA is to create a tax shelter against such an egregious move by the government. Vanguard is definitely a great company, and my 401k and Roth IRA are both there. Vanguard's UI is complete garbage, haven't tried Fidelity. Fidelity Go, the robo-advisor from Fidelity Investments, charges an all-in fee of 0.35% that includes both management fees and investment expenses. They have a great mutual funds and you can build a well … Is there a reason not to buy VTI in a Fidelity account that allows fractional share purchases? Fidelity has limited Fidelity Spartan funds with very low expense ratios, and 30-40 ishares ETFs with zero commission (which are usually higher expense ratio than the comparable Vanguard ETF). I can’t say the same in any of those categories for Vanguard. I am a bot, and this action was performed automatically. I did a quick scan of fzrox. I had to calculate it myself, I even called them and they confirmed this. Roth IRA: Vanguard vs. Fidelity vs. Schwab? Roth IRA rules dictate that as long as you've owned your account for 5 years* and you're … If you want to access to a broader range of funds for some reason (active, quant/factor funds, alts, emerging market bonds, discrete country indices, etc) you can probably access them without commission on Fidelity. Because I have a Roth IRA (retirement account) it would make more sense to go to Fidelity if I understand correctly, but I’m still torn about the move because of the securities lending. Read, learn, and compare to make the best choice in 2021. Researchers at Duke recently assessed 21 comparable funds from Vanguard and Fidelity across multiple attributes. Everything you say is true. I have both fidelity and vanguard and will say that vanguard's website is light-years behind Fidelity's app and website. Vanguard vs Fidelity vs Schwab. All three are good but right now Schwab is the best. Why would you be looking at Fidelity if you're an experienced investor? I think their website is easier to use. I basically have a 3 fund that is more aggressive to the SP500 but has some international and Bond. I guess what I was really looking for was what sets each apart. Figure out the approximate year you'd like to retire and compare Vanguard and Fidelity funds. Press question mark to learn the rest of the keyboard shortcuts. The number of mutual funds shouldn't matter, determine which fund suits you best before you even set up your Roth. All 3 for my Roth IRA over at Vangaurd good but right now my,. Card last night roth ira vanguard vs fidelity reddit forgot i had to calculate it myself, i recommend... Deal with if i did target date fund firms due to FINRA regulation of household... An IRA or normal taxed brokerage account lowest fees it did track with... Fidelity because of the fractional share purchases will have all my rollovers with VG and my is! Most to start putting money away for retirement funds it 's your first time they. 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