The Motley Fool Discussion Boards	Previous Page
Investing/Strategies / Retirement Investing
URL: http://boards.fool.com/why-buy-and-index-funds-for-ira-through-a-discou-16899441.aspx
Subject: Why buy and Index Funds for IRA through a discou	Date: 3/15/2002 3:44 AM
Author: slherzberg	Number: 33992 of 72248
In the Fool's advice for setting up an IRA, it is stated that one of the 1st things to be done is to set up an account with a discount broker. Then, it is recommended that a significant portion of the investment be with the Vanguard 500 Index Fund. Why isn't it more practical to buy into the Fund directly from Vanguard? This way, the transaction fee charged by the broker can be avoided. Furthermore, if the account is opened with $5,000 of more, Vanguard waives $10 a year custodial fee.
Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us