Which brokerage is best for backdoor Roth

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Post Reply
sto
Posts: 4
Joined: Tue Jan 02, 2018 8:06 pm

Which brokerage is best for backdoor Roth

Post by sto » Fri Jul 13, 2018 9:46 pm

Hi,

Did some search but didn't found answers. Which bank has the most seamless and simple process for open tIRA and backdoor Roth convert? I prefer the bank don't need call or mail paperwork. Also, I have already brokerage accounts on eTrade, Schwab, and Fidelity.

Thanks,
Last edited by sto on Fri Jul 13, 2018 10:52 pm, edited 1 time in total.

Silk McCue
Posts: 960
Joined: Thu Feb 25, 2016 7:11 pm

Re: Which bank is best for backdoor Roth

Post by Silk McCue » Fri Jul 13, 2018 10:03 pm

I expect it would be very easy to do at either Schwab or Fidelity since you have brokerage accounts there. I personally wouldn’t use a bank for this purpose given the limited investment options.

Cheers

sto
Posts: 4
Joined: Tue Jan 02, 2018 8:06 pm

Re: Which bank is best for backdoor Roth

Post by sto » Fri Jul 13, 2018 10:53 pm

Silk McCue wrote:
Fri Jul 13, 2018 10:03 pm
I expect it would be very easy to do at either Schwab or Fidelity since you have brokerage accounts there. I personally wouldn’t use a bank for this purpose given the limited investment options.

Cheers
Thanks

MDCrab
Posts: 8
Joined: Mon May 07, 2018 4:39 pm

Re: Which brokerage is best for backdoor Roth

Post by MDCrab » Fri Jul 13, 2018 11:26 pm

I did it with Vanguard this year. Only a few minutes. No phone calls. No paperwork.

Post Reply