Best place to open an iDeCo?

[angroth33]

Is there much difference between all the banks that offer iDeCo or are they pretty much the same? Any recommendations?

Looking here they all have similar 0 fees etc:

https://diamond.jp/category/z-ideco

But I presume the funds actually offered are specific to each bank?

 

[stanilovesgod]

@angroth33 Personally I like the emaxis slim line so I went with Monex so I could purchase them for iDeCo. I also started a Tsumitate NISA account with them too for the same reason.

 

[angroth33]

@stanilovesgod Thanks. Sorry I’m completely new to this, what is good about emaxis?

 

[revstockton]

@angroth33 They have incredibly low fees for a good index fund. (Rakuten, etc. have similar funds that are priced ever so slightly higher.)

 

[nicoleb07]

@angroth33 Generally the online brokers have better product lineups, but banks are getting better.

My personal preference would be Monex for the eMaxis Slim all-country fund, or Rakuten for ease of login/use (Rakuten is the only one that integrates iDeCo into their regular site, other providers give you a separate iDeCo login/password).

But if you choose to go with your regular bank it's probably not too bad. You can see product lineups here (click on the provider name): https://www.dcnenkin.jp/search/commission.php

 

[angroth33]

@nicoleb07 Thanks!