Today I want to create a short video for you that talks about how to open a Roth IRA at
Vanguard.
Now, a lot of low cost investors love Vanguard because they are the leaders in low cost ETFs
and Mutual Funds.
They are one of the first companies that really created a full suite of ETFs and Mutual Funds
for investors and the whole philosophy around Vanguard is low cost index funds will boost
your returns over time because fees eat away your returns.
A lot of people love this philosophy and as such, they want to invest at Vanguard.
Vanguard is now the largest Mutual Fund and ETF company in the world.
They have three trillion dollars in assets because people love their site and love their
product offerings.
If you want to open a Roth IRA at Vanguard, how do you get started?
That's what I'm going to walk you through right now.
This is the Vanguard website.
Vanguard honestly, has one of the most antiquated websites of most investing firms, but it works.
If they're going to go low cost, I mean, they definitely show it on their website.
If you're here on their Home page you want to create the website for personal investors
here.
Let's go to the site right here.
Now that you're here, you have some options right here.
We want to open an account.
You can open an account right here at the top.
When you click that link here it pulls up this page and here are your options for an
account at Vanguard.
You have their Retirement Accounts.
You have a regular IRA, a Roth IRA, a Rollover.
You have some General Investing Accounts.
You can do an Individual Account, a Joint Account, a Trust Account.
If you want to invest for a minor you could do a 529, saving for college or a Custodial
Account.
Then you could also do your Business Account.
You can actually do an Individual 401k and different things right here.
I want to do a Roth IRA.
We're going to open a new account.
I'm going to just, check or transfer from my bank.
I am not registered so we will create this and you'll sign up for access for after completing
the online application.
Here's where you choose your account type.
Honestly this takes about five minutes guys.
As you can see it says five or ten minutes right here.
You can choose your account type.
Vanguard does take one to two days though afterwards to confirm that the account's open.
When you're here you want to tell us about your new account.
I want to invest in a Retirement Account.
We're going to do a Roth IRA.
Then you enter all your information here.
Then you transfer and you review and you e-sign.
You sign up and you're done.
It actually takes about five, ten, minutes to sign up.
It's super easy.
I want to show you here what the pricing looks like.
We're going to go here to the Vanguard site.
Let's go to the Vanguard Home page.
Ah, I can't type.
Vanguard Official Site.
We're going to go down here and we're going to choose the investment products.
You can see here ... Man, their site is so hard to navigate on.
It is not user friendly.
Here we go, Costs and Fees down at the bottom.
When you open an account with Vanguard you will have a $20 Annual Fee for any Brokerage
or Mutual Funds Accounts.
You are going to have no costs really in the IRAs and different things, but you do have
the Mutual Fund and ETF fees when you get started.
It's really a low cost option for you to get started investing.
Like I said, their site is not the most user friendly but they do have great products and
services.
If you prefer an easier to use option we do recommend Fidelity or TD Ameritrade because
you can also invest in Vanguards ETFs and Mutual Funds on those platforms.
They are a lot easier to use.
If you don't believe me check out our other videos on, Opening a Roth IRA at Fidelity
or TD Ameritrade.
All right, well hopefully you found this useful.
I'm sorry I couldn't show you more of the Vanguard site.
It really does drive me nuts, but hopefully this give you a good idea of how to get started
in opening a Roth IRA at Vanguard.
All right, thanks guys.