Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Roll over to IRA
Old 01-28-2013, 06:47 AM   #1
Confused about dryer sheets
Join Date: May 2012
Posts: 3
Roll over to IRA

Hi I am getting ready to retire in a few months and will have a lump sum of around 400000.00 to roll over. I was looking at T Rowe Price but have seen good things about Vanguard and Fidelity. Just wondering what your alls thoughts are on these three and is the a big difference.
Mike G

Born2glf is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-28-2013, 07:00 AM   #2
Thinks s/he gets paid by the post
bUU's Avatar
Join Date: Dec 2012
Location: Georgia
Posts: 1,707
My brother uses T Rowe Price and seems to like them. I'm partial to Fidelity because they have a strong presence in my home town and so I benefit from that in a way that someone in Iowa (for example) wouldn't. I also have a Vanguard account but I don't even think of Fidelity and Vanguard as the same thing: I consider my Vanguard account a worthy receptacle for my Vanguard funds; Fidelity is my brokerage. As I move toward having more index funds than managed funds, I might put more money into Vanguard, but perhaps not, since Fidelity's Spartan funds are doing a good job filling that void for me. But the superior service I've received from Fidelity, as compared to the good but not great service I've received from Vanguard, convinces me that Fidelity is where I want to do most of my investing, especially those things that are more retirement-related.

bUU is offline   Reply With Quote
Old 01-28-2013, 07:02 AM   #3
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 39,198
All three are good but if you are looking for the lowest expense ratio (costs do matter) I would rate them in the order of Vanguard, Fidelity and T Rowe Price. If you have a need for face-to-face contact or don't feel comfortable doing most of your activity online, I'd reverse those ratings.
Numbers is hard.

Retired in 2005 at age 58, no pension

REWahoo is offline   Reply With Quote
Old 01-28-2013, 08:05 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
Join Date: Jan 2008
Location: Chicagoland
Posts: 10,663
I've had good experience with Vanguard, Fidelity & Schwab, and we've done several rollover IRAs with Vanguard (from a Schwab 401k among other sources). I don't have direct experience with T Rowe Price but they seem to be well regarded.

To looking at expense ratios and whether or not you want face-to-face contact as REW mentions, I would always advise that you decide what you want to invest the money in as a significant factor in your decision before you do the rollover. Individual stocks, mutual funds (active, index/passive), ETFs, etc. Each of the firms have different strengths.

Just for example when my holdings were individual stocks and active stock funds I was with Fidelity. When I moved entirely to index funds, I moved all my holdings to Vanguard.

Best of luck, though it would be hard to go far wrong with any of the firms you're considering...
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 01-28-2013, 09:11 AM   #5
Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 3,805
I think it depends on what funds you want to invest in. Each company has a different lineup of no transaction fee mutual funds and no commission ETF's, and different commisions if you're into individual stocks. As others have already said, you can also keep accounts at multiple companies. I have done so to avoid transaction fees, fund minimums, and fund third party closures or unavailability.

You can get many Vanguard funds from Fidelity, but frequently with a transaction fee (only when you buy, so that may not be a big problem.) So a direct account at Vanguard might be nice to save a few bucks.
Animorph is offline   Reply With Quote
Old 01-28-2013, 09:14 AM   #6
Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 1,727
After one too many errors of TRP, I moved elsewhere. I like Fidelity's site and Vanguard's customer service, but YMMV.
GrayHare is online now   Reply With Quote
Old 01-28-2013, 10:03 AM   #7
Thinks s/he gets paid by the post
Join Date: Feb 2011
Posts: 1,629
I've had good experience with Vanguard for >20yrs. No experience with TRP.
ERhoosier is offline   Reply With Quote
Old 01-28-2013, 02:11 PM   #8
Confused about dryer sheets
Join Date: May 2012
Posts: 3
Thanks everyone that has replied it's always good to hear other people's thoughts
Born2glf is offline   Reply With Quote
Old 01-28-2013, 04:19 PM   #9
Thinks s/he gets paid by the post
Join Date: Nov 2009
Posts: 3,126
Already a Fidelity client, when I ERed in 2008 I did a direct rollover of the 401(k) to a Fidelity IRA. It keeps things simple and I like the vast selection of funds to pick from.

Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 12:06 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.