Traditional IRA

[WoodChips]

This might be way off course but I'm thinking others here might have more experience than I do.

I have a traditional IRA with Discover Bank. They were bought out by capital one and are selling off their IRA division effective Sept 21 to Axos.

Anyone have a traditional IRA account, with whom and are you happy with them?

Maybe more important question is there any bank you recommend staying away from and why?

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[SANZC02]

This might be way off course but I'm thinking others here might have more experience than I do.

I have a traditional IRA with Discover Bank. They were bought out by capital one and are selling off their IRA division effective Sept 21 to Axos.

Anyone have a traditional IRA account, with whom and are you happy with them?

Maybe more important question is there any bank you recommend staying away from and why?

You can look into what Charles Schwab offers.

 

[JacobAZ]

Odd question for this forum, but ... Fidelity if you want to self direct. No cost. Fisher if you want them to manage (there is a flat percent fee), but you would still put the money in a place like Fidelity, then they manage. They do a good job, but you must have a minimum, balance (I think something like $700k).

 

[rogunenode]

Having had accounts with both Fidelity and C. Schwab, I prefer Fidelity's trading platform if you trade often. Otherwise, I moved to Schwab after Fidelity completely mismanaged some end-of-year transactions across institutions, costing me thousands in taxes. Throughout the process, communication was terrible, and the various departments and number of reps involved to sort it out were a dark comedy of bureaucracy. I lost all confidence in them.

Schwab, while not perfect, has handled major account migrations without issue, and my main contact there has had the power to manage requests and see them through. In addition, while the advisors I use for my managed accounts work with both, they have found it easier to work with Schwab.

 

[pointless]

Look at Wealthfront. You can do a rollover. They’re among the top interest earning cash accounts. They are have one of the highest rated automated platforms at a fairly low cost 0.25%, and other lowest cost or free investments.

 

[WoodChips]

Thanks, I haven't heard of Wealthfront, I'll look into them along with Schwab.

My company uses fidelity for their 401k, I have my brokerage account with them, I also use Ascensus and have used Newport group before.

I really liked using Discover for some of my accounts, high yield savings and IRA but I don't care for the roll over to capital one. My credit union recently started offering decent HYSA rates so I'll dump my liquid capital into but their IRA rates are very poor.

Yes this is an odd place to ask but I was thinking the average Rivian driver probably has some similar accounts.

 

[SenatorSteak]

Sir, this is a Wendy’s.

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