Fidelity can do almost everything, and I consolidate there whenever I can. (And an employer's non-Fidelity/non-Vanguard 401k service is actually a reason to look forward to leaving the company, so that I can roll over my 401k treasure to Fidelity.)
The only thing Fidelity couldn't do was way back when I wanted a Solo 401(k) that permitted loans, but they didn't have a prototype plan for that, so I would've needed to find&pay someone else draw up the plan document, to hand to Fidelity.
Fidelity even has HSAs now, and very convenient to buy&sell within them, without the headaches and ridiculous investment options like I had with two other places.
They have most any kind of fund I was aware of. But lately I just stick with the simple low-expense-ratio total-market iShares ETFs, like ITOT/IVV, AGG, IXUS, which have only a negligible fee upon selling. (IIRC, you can also get the Vanguard funds at Fidelity, but my backtesting of ITOT, etc., against Vanguard counterparts looked like they were equivalent.)
Cash in accounts can be moved automatically to/from funds like FDRXX (4.99% yield) or SPAXX (4.96%), and my bank-like Cash Manager account uses an FDIC deposit sweep (2.72%).
If you are self-employed, you can also consider a SEP-IRA, which has similar limits. The only downside is it is only available in traditional flavor, no Roth. You can roll it to a traditional IRA and then do a Roth conversion though.
I initially had a SEP IRA for my consulting income, but the Solo 401(k) figured out to much higher contribution amounts for my circumstances at the time, so I moved.
I've heard mixed things about doing backdoor Roth from SEP IRA.
Comments
Fidelity can do almost everything, and I consolidate there whenever I can. (And an employer's non-Fidelity/non-Vanguard 401k service is actually a reason to look forward to leaving the company, so that I can roll over my 401k treasure to Fidelity.)
The only thing Fidelity couldn't do was way back when I wanted a Solo 401(k) that permitted loans, but they didn't have a prototype plan for that, so I would've needed to find&pay someone else draw up the plan document, to hand to Fidelity.
Fidelity even has HSAs now, and very convenient to buy&sell within them, without the headaches and ridiculous investment options like I had with two other places.
They have most any kind of fund I was aware of. But lately I just stick with the simple low-expense-ratio total-market iShares ETFs, like ITOT/IVV, AGG, IXUS, which have only a negligible fee upon selling. (IIRC, you can also get the Vanguard funds at Fidelity, but my backtesting of ITOT, etc., against Vanguard counterparts looked like they were equivalent.)
Cash in accounts can be moved automatically to/from funds like FDRXX (4.99% yield) or SPAXX (4.96%), and my bank-like Cash Manager account uses an FDIC deposit sweep (2.72%).
If you are self-employed, you can also consider a SEP-IRA, which has similar limits. The only downside is it is only available in traditional flavor, no Roth. You can roll it to a traditional IRA and then do a Roth conversion though.
I initially had a SEP IRA for my consulting income, but the Solo 401(k) figured out to much higher contribution amounts for my circumstances at the time, so I moved.
I've heard mixed things about doing backdoor Roth from SEP IRA.