Opened Roth IRA through ING, bad idea?
 

I have had a savings account with ING for a couple of years now. I just read "the automatic millionaire" and got all jazzed up about investing in my future. I've only recently become eligible to contribute to my firm's 401(k)but want to max out an IRA for this past year in the meantime. For whatever reason (i'm usually not this impulsive) i shipped 4K from my savings into a Roth IRA at ING which is invested in the ING Direct Strategic Allocation Fund Moderate.

Have I shot myself in the foot? If so, what steps can i take at this point to better allocate this money?

Re: Opened Roth IRA through ING, bad idea?
 

What is the expense ration on that fund?

Re: Opened Roth IRA through ING, bad idea?
 

1.25% that sounds bad. [img]/images/graemlins/confused.gif[/img]

Re: Opened Roth IRA through ING, bad idea?
 

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1.25% that sounds bad. [img]/images/graemlins/confused.gif[/img]

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YUCK. I'm in Vanguard's Target Retirement 2045 fund and I believe it's .30% or less.

Re: Opened Roth IRA through ING, bad idea?
 

Yeah, I carry mainly Target Retirement funds for my USD-heavy allocation. I second that recommendation.

Re: Opened Roth IRA through ING, bad idea?
 

1.25% is needless high. Can you transfer the Roth IRA to a different company?

Re: Opened Roth IRA through ING, bad idea?
 

my roth is in an aggressive world stock at vanguard with only 34% us stock right now. my expense ratio is .72

Re: Opened Roth IRA through ING, bad idea?
 

i just opened this account with ING. Obviously I don't know where I can transfer it. If i can I will.

Any suggestions?

Re: Opened Roth IRA through ING, bad idea?
 

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my roth is in an aggressive world stock at vanguard with only 34% us stock right now. my expense ratio is .72

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I also obviously carry All World ex-US fund from Vanguard as well.

Re: Opened Roth IRA through ING, bad idea?
 

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i just opened this account with ING. Obviously I don't know where I can transfer it. If i can I will.

Any suggestions?

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Vanguard Target Retirement (2045 or whatever) fund. I've heard good things and it's the one I'm in. I think the minimum is $3K, but they've got a STAR fund for noobs for like $1K.