The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/for-billki-quotcurrently-investigating-the-11758617.aspx

Subject:  Re: WannaBe Fool with IRA Questions Date:  1/5/2000  10:33 PM
Author:  Chipsboss Number:  17411 of 74759

for BillKi --

"currently investigating the choices" One of your choices is to deal directly with Vanguard at www.vanguard.com and through the US mails. This is probably the lowest cost approach -- Vanguard charges no load or commission, and only 18ยข per $100 per year for managing the money (deducted automatically from your account) invested in their S&P 500 index fund. The discount brokerage would charge something, at least, for its services but you probably don't need those services. Since index investing has minimal costs as part of its basic idea, I recommend this approach. Money where mouth is: all my new investments in the last seven years, including a 401 k rollover to an IRA, have been in Vanguard's Index 500 fund.

Regards,

Chips
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us