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Zecco.com » More Investment Ideas » Retirement Planning » IRA at Zecco or Vanguard?
Last post 07-07-2008, 3:17 PM by beckydono. 1 replies.
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  •  07-06-2008, 3:22 AM 33055

    IRA at Zecco or Vanguard?

    Reply Quote
    So, here is what I've narrowed my retirement decision down too.  Which would be the better Choice?:

    1.  Open an IRA with Zecco and use Vanguard ETFs

    2.  Open an IRA with Vanguard and use Vanguard Mutual Funds

    I'll be making about 4 contributions a month (about $100 a week) and I would use the following funds (or ETFs if I go that route):

    Vanguard Emerging Markets 25%
    Vanguard Total Stock Index 50%
    Vanguard Small Cap 12.5%
    Vanguard Mid Cap 12.5%

    If I went with Zecco, that would still leave me with 6 additional trades that I could make per month.  However, would there be some advantage to keeping my IRA at Vanguard since I'm using their Funds/ETFs?

    Thanks in advance.  i'm pretty new to this stuff.

  •  07-07-2008, 3:17 PM 33084 in reply to 33055

    Re: IRA at Zecco or Vanguard?

    Reply Quote
    Any particular reason you've decided on Vanguard, period?

    I've been using Fidelity for my IRA (invested similarly to yours, less emphasis on the index fund though) and their selection of funds is top-notch.  The account is free (who would have it otherwise?) and their interface for tracking portfolio information as well as researching is excellent.  Pretty much all Fidelity funds are free transactions (unlimited as far as I can tell) and either no or low load.  You can also purchase non-Fidelity funds, some with a transaction fee that varies (I've seen it from $3 - 8 or so), and some free.

    Comparatively, the Vanguard funds you've listed are all 3 stars, whereas the Fidelity funds are 4 stars on Morningstar.  Looking at returns, the Fidelity funds are typically giving better returns by a significant percentage (which is funny considering they're both supposed to be index funds tracking general market trends....)

    Just throwing out another option for you that I've been very happy with!
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