What is the best brokerage to transfer ur $$$ for your roth ira?

right now i have about $37k in a citibank roth ira account. and im not satisfied with their fee per trade or commission. they charged me $24.99/trade for doing a trade thru the web and i think about $50 over the phone. that mean for buying and selling for a particular stock would cost me about $50 if i were do it online. and i don%26#039;t do alot of tradings anyway...maybe 3-4 trades per year. but if i were to able to reduce the trading fee down to like $8/trade or less..who knows...maybe i trade more a year. citibank ira customer service is ok over the phone...they are knowledgable and waiting is not that long over the phone...maybe like 5 min max.

so i called fidelity and bank of america. fidelity told me they will charge me about $19.99/trade based my asset and number of trade i probably do a year (probably no more than 10 trade/year). it would go down to like $10/trade if i do like over 100 trades/year which i know im not gonna do. so in the end it would cost about $19.99/trade. then bank of america is next..they told me they charge $14/trade..a flat rate. they told me i would it would cost $0 if i were to put additional $25,000 in one of their saving or checking account which im not gonna do. so to summarize, fidelity: $19.99/trade and bank of american: $14/trade.

i haven%26#039;t done other research on other brokerage or online brokerage firms like ameritrade, etrade, scotrade etc.

so my question is this...any1 here have any recommendation for other brokerage firm or online brokerage firm that charge less trading fee and also have good customer service over the phone? i dont need an advisor (which i know would cost more $$$), i know what im gonna invest in...some stocks, etf, mutual funds etc. i just need a good customer service to resolve basic thngs over the phone.

so to finalize, what are some good brokerage firms out there beside what im currently use which is citibank? remember this is based on fees and customer service. thx in advance.

What is the best brokerage to transfer ur $$$ for your roth ira?credot siosse

Do you trade only stocks in your IRA account?

I hold and buy/sell mut funds with Fidelity for no trans fees...

... my trades are down to $9.95 ( account got bigger)..

Just thought you should know about the funds...as far as service goes... Man! That seems to be their %26quot; forte%26quot;... things get handled on the phone..right then and there...no bouncing around...only once a %26quot; return call%26quot;...and as far as a transfer or rollover..they handle almost everything...tell %26#039;em where it%26#039;s at they go get it.

Good luck.

What is the best brokerage to transfer ur $$$ for your roth ira?

loan

I believe Scottrade is running the lowest rates right now. Something like $7 a trade. It%26#039;s a good place. I have been kicking around transferring my TDWaterhouse account there myself. $24.99 or $19.99 is way too much if you make your own investment decisions and don%26#039;t need their help.|||I will give you a short answer. Based on fees and customer service following can be your options which offer FREE trading ($0 commission fee) with certain conditions.

Zecco:

http://www.zecco.com/trading/ZeccoIRA.as...

Wells Fargo: https://www.wellsfargo.com/jump/investme...

Bank of America:

http://www.bankofamerica.com/investing/

--------------------------------------...

Infoman

http://www.theusefulinfo.com/finance/rot...

http://www.theusefulinfo.com/finance/com...|||Based on Fees:

----------------------

Based on your situation, if fees are the most important criteria, you may want to check out the Wells Fargo PMA account.

I am assuming that the $37k in your Roth IRA is invested in mutual funds, stocks and money market funds. If you transfer the whole amount, then you would qualify for their PMA account which gives 100 free transactions a year (and over 100 trades, it costs $5.95 a trade) for both stock trades and the non NTF (no transaction fee) mutual fund trades; this is besides the several hundred NTF mutual funds that are available with them. This gives you an opportunity to own the best of the mutual funds including Dodge and Cox, Fairholme, and all Vanguard funds at one place without any transaction fees.

As per Wells Fargo, %26quot;The PMA Package is free of the monthly service fees for each month the statement-ending balances in qualifying accounts total $25,000 or more; otherwise, a monthly service fee of $25 will apply. Wells Fargo accounts used for balance qualification include checking, savings, CDs (Time Accounts), retirement (IRAs), brokerage, trust (excluding irrevocable trusts), loans, outstanding credit card and lines of credit balances, and may include 10% of outstanding mortgage balances. Certain mortgages not eligible%26quot;.

Based on Customer Service:

--------------------------------------...

I don%26#039;t have an account with Wells Fargo (currently, I am with Fidelity); ergo, I can%26#039;t say how their customer service is. So, though I like their fees (0 for that matter), I am a little hesitant to transfer my assets to them, as Fidelity has one of the best customer services out there. Still, I am mulling over to transfer to Wells Fargo as the fees in a long term can reduce the return significantly.

Upon some research, the Wells Trade customer service was not rated well in 2006 by Kiplinger Personal Finance magazine. I am not sure if it is improved now.

There are also, other discount brokers like FirstTrade, TradeKing, ETrade, etc that charge very low transaction fee for equity and mutual fund trades.

Here are some, what I found VERY helpful, links to read and compare them. (Please note that these are written in 2006 and Wells Fargo came out with the free trades with $25000 minimum only in 2007):

1). Interactive guide to choose a discount broker:

http://www.kiplinger.com/tools/online_br...

2). An article comparing the online brokers:

http://www.kiplinger.com/magazine/archiv...

3). Smart Money broker comparison (you may want to check the discount brokers):

http://www.smartmoney.com/brokers/index....

4). Wells Fargo Investment Services Fees:

https://www.wellsfargo.com/investing/sty...

5). Review of the reviews of the online brokers: http://www.consumersearch.com/www/intern...

Bottom Line:

-----------------

In investing for long term the fees matter. So do your research based on the above information and links, and choose the one that you like. Hope this answer helps. And, good luck on your Roth IRA investments!