Hi guys,

I'm 23 years old and just opened a Roth IRA at Fidelity. I liked the layout of the website better than Vanguard's the mySmart Cash account for withdrawing money from any ATM without fees (along with the higher interest rate than I would be getting at US Bank). I also have an existing 403(b) with Fidelity and like having all of my accounts in one place.

Anyway, so many people recommend Vanguard that I'm starting to regret my decision already. I am glad that I got my money in before the 2007 deadline however.

Should I go ahead and invest my $4000 into one of the Fidelity targeted retirement accounts? I'm thinking 2045...or should I go with something like Fidelity's 4-in-1.

I'm open to any and all suggestions. I'm a complete investment newbie but I decided that doing something was better than doing nothing.

I look forward to your input...thanks in advance.

Tyler

This should have been posted in the IRA thread, but you should be relatively safe in a target retirement fund. At least until you figure out what you want to invest in. It is against the rules on this board to discuss specific stocks, mutual funds ect...

ShermanOhio said:Should I go ahead and invest my $4000 into one of the Fidelity targeted retirement accounts? No. If you want a lifecycle fund, transfer your roth to vanguard.

The expense ratio for Fidelity's lifecycle funds is .8 or so while Vanguard's is .2 or so. Big difference there.

ieatbabypenguins said:ShermanOhio said:I liked the layout of the website better than Vanguard's...

No one else around here thinks it's ridiculous that one of the deciding factors was how pretty a website is?

I think he meant more in terms of accessibility rather than how pretty it is.

jmz668 said:ieatbabypenguins said:ShermanOhio said:I liked the layout of the website better than Vanguard's...

No one else around here thinks it's ridiculous that one of the deciding factors was how pretty a website is?What does the mysmart account have to do with an IRA?OP said he likes having everything in one place, so mysmart is important then since he'll have taxable accounts too, presumably.