Vanguard has a great variety of IRA products for individuals and small business owners. The company offers traditional, Roth, spousal, SEP, and SIMPLE IRAs, among others, and consumers can open an account with as little as $1,000. However, it should be noted that most Vanguard mutual funds require a minimum investment of $3,000 and ETFs have a minimum initial investment equivalent to the price of 1 share.

With Vanguard, consumers can choose to invest in an “all-in-one” Target Retirement Fund, which is a broadly diversified portfolio that automatically rebalances itself to become more conservative as the person approaches retirement age, or they can build their own customized portfolios by choosing their own mutual funds and ETFs. Vanguard also allows consumers to invest in non-Vanguard mutual funds and ETFs, and in individual stocks and bonds, among other securities.

Consumers can fund their accounts by making direct contributions through check or electronic transfer, rolling over an old employer plan into their IRA, or by rolling over an existing IRA from another company to Vanguard. Additionally, automatic investing is also available for those who want to set up recurring contributions to their IRAs.

The Vanguard Group, simply known as Vanguard, is a renowned company, with US $5.3 trillion in assets under management and more than 20 million investors worldwide. The company has been rated A by the BBB, with 101 complaints in the last three years, of which 13 appear to have been resolved. However, it should be noted that most of the complaints are regarding the company’s slow customer service, not its products. Additionally, there appears to not be any complaints filed against it with the CFPB, and no regulatory actions filed against it on FINRA, which is great for a company of its size.

Vanguard offers customer support via phone, email and through social media, Monday through Friday, 8:00 a.m. to 10:00 p.m. EST.