Which company offers the best sepIRA plan?
I know very little about finance/retirement plans, but I need to establish a sepIRA account soon. I googled several companies, including Fidelity and Vanguard, but I have no idea how to decide which one is the best. IAlso, I cannot seem to find any reviews or recommendations online. Any suggestions? Any recommendations and why you think so? Thanks for your help!
Public Comments
- You set them up with a broker. You can use an on-line broker but if you are under 30 why not a Roth IRA? The gains are tax free at 65 when you start to draw on it. I have a friend that will be happy to discuss an account with you.
- You can get the latest rates from Bankrate.com which shows who has the highest rates and best performance for IRA accounts by state. They also have educational information about what factors impact making a decision on who to choose.
- Hi. I'm a financial planner and I recommend Vanguard to my clients. They have the lowest fees and expenses, great selection, award winning educational materials and exceptional customer service. You can open one online. You can also have a Roth if you have a SEP so I would recommend doing both. Vangaurd is a great company. I have been using them for over 15 years and never had a complaint. Good luck! By the way, whatever you decide, do not invest through a bank. Banks are the worst places for investments you could possibly choose.
