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Retirement Discussions / FIRE Wannabees
|Subject: Re: Milestone on the way to FI||Date: 7/21/2007 1:03 AM|
|Author: whyohwhyoh||Number: 4278 of 5069|
and i transferred over to zecco, for 1 simple reason, free trading,
- I predict Zecco will be bought out by a larger discount broker that charges commissions within 3 years. Zecco is most likely trying to build up a large client list to sell at a later date. Just my off the wall thoughts from past experiences.
- I prefer to select a broker that is both low cost and has a good probability of being around when I retire. All the paperwork involved and future changing tax laws etc... it just makes it easier to have all your contributions, trades, etc. with one broker. JMHO.
- Personally I only own about 10-15 stocks at a time, make about 10 trades a year at the most, so $10 commission per trade is low enough for me.
- This notion of pulling money tax free out of your Roth IRA is dangerous for a FIRE Wannabee. Once removed, you cannot reinsert the funds later. Money should only be removed under dire circumstances.
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