03-13-2022, 10:21 AM
Can I switch Brokerages for my Roth IRA account?
<!-- SC_OFF --><div class="md"><p>I opened up a Roth IRA account with Fidelity some time ago, despite trying to read up on it I’m still confused about two things:</p> <p>1.) Do I need to reinvest the money in my roth ira into stocks/ETFs to see significant gains? 2.) Can I switch brokerages for my Roth IRA? Say I wanted to switch from Fidelity to Vangaurd, is there any penalty if I do that?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/sah86"> /u/sah86 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/tctbu2/can_i_switch_brokerages_for_my_roth_ira_account/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/tctbu2/can_i_switch_brokerages_for_my_roth_ira_account/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I opened up a Roth IRA account with Fidelity some time ago, despite trying to read up on it I’m still confused about two things:</p> <p>1.) Do I need to reinvest the money in my roth ira into stocks/ETFs to see significant gains? 2.) Can I switch brokerages for my Roth IRA? Say I wanted to switch from Fidelity to Vangaurd, is there any penalty if I do that?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/sah86"> /u/sah86 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/tctbu2/can_i_switch_brokerages_for_my_roth_ira_account/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/tctbu2/can_i_switch_brokerages_for_my_roth_ira_account/">[comments]</a></span>Kind Regards R