Vanguard trading Ripple, Stellar, Cardano, Dogecoin, Ethereum, Bitcoin, and Litecoin crypto currencies.

Buying Bitcoin on Vanguard

Investors can't buy Bitcoin, Ripple, Dogecoin, Ethereum, and other crypto currencies on Vanguard. However, they can open an account at Sofi Invest that offers crypto currencies with $0 commission.

Visit Sofi Invest Website


Open Sofi Account





Vanguard IRA Features

IRAs are more complicated than taxable investment accounts due to the tax reporting differences and the complexity of hiring custodians to insure fiduciary responsibility. Services such as account setup, administration, and tax reporting for such things as early withdrawal penalties or Required Minimum Distributions (RMD) should be available to an investor. Providing these services should be a top priority for a competent broker.

Retirement planning calculators and guides are almost a requirement for any IRA provider due to the rapidly increasing number of Baby Boomers reaching retirement age. Vanguard has a comprehensive retirement section on their website. Unfortunately, the site does not have a high degree of intuitiveness built in and is not presented in a clean, easy to read format.

Their retirement section is broken down into subsections: "Saving for Retirement," "Nearing Retirement," and "Living in Retirement." Useful categories since retirement means different things to different people at different ages.

Vanguard regularly offers free webinars on a multitude of financial topics. The website has a section titled "Insights" that is the portal to investor education in the areas of retirement, saving and investing, markets and economy, and taxes. All are useful to an IRA investor, especially one who may be interested in doing more active monitoring or trading of his/her portfolio.


The Good

  • Some of the lowest annual fees and expenses in the business for mutual funds
  • A large variety of index mutual funds that provide superior returns
  • Access to more than 16,000 other mutual funds
  • Courteous, professional, and prompt service
  • Easy access to education and information on retirement and retirement accounts


The Bad

  • On the high end of commission structure when compared to discount brokers
  • Non-intuitive website
  • Some customers could be hit with annual IRA fees
  • No personal "hand holding" by a broker, or individual investment advice (common to all online discount brokers), unless the investor meets certain high net asset thresholds.


Conclusion

To summarize: if you don't intend to be an active trader of stocks and bonds, then low administration fees and expense ratios, a wide assortment of index mutual funds, and a focus on retail customers and retirement accounts makes Vanguard a company to seriously consider for your Individual Retirement Account.




Webull


Continue Reading