Roth IRA - Vanguard or USAA?

Question

I have heard so much about Vanguard but does anyone have any experience with USAA? I want to open up a brokerage account.

Answer 1

If you want a self-directed brokerage account where you can invest in stocks, ETFs, etc., then USAA is a good choice. If you're content with mutual funds, I'd go with Vanguard.

Answer 2

Vangaurd has low management fees, but that does not gaurantee it will be a good investment.

Be sure to look at the past 10 years annual return at any fund you are considering purchasing.

About 75% of all mutual funds under perform the stock market. So do your homework.

Answer 3

Look at the fees for both.

I like Scottrade because they charge $7 per trade. That is the cheapest I've found and their service is great.

Answer 4

vanguard