Vanguard Rollover IRA
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$0 minimum, $0 commissions, industry-low ETF expense ratios, founder of indexing. Best for index-fund investors.
Initiate at investor.vanguard.com. Vanguard doesn't offer transfer bonuses but has the lowest ETF expense ratios. Online rollover is supported for most 401(k) providers.
Vanguard Rollover IRA is the right pick if you'll hold 70%+ index ETFs and rarely trade. Industry-low ETF expense ratios — VTI at 0.03%, VXUS at 0.07%, BND at 0.03%. Founded by Jack Bogle, who created the first retail index fund in 1976. The UX is dated (the website looks like 2010), and the platform isn't suited for active trading. As a buy-and-hold index investor, the cost savings over 30 years are meaningful — $1,200+ on a $200K portfolio.
Pros
- Lowest ETF expense ratios in industry
- Founded by Jack Bogle (indexing pioneer)
- Vanguard-branded ETFs (VTI, VXUS) are industry standards
Cons
- UX is dated
- No transfer bonuses
- Limited active trading tools
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