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URL:  http://boards.fool.com/i-dont-have-to-pay-a-commission-to-put-money-19463222.aspx

Subject:  Re: small contributions to IRA Date:  8/15/2003  5:39 PM
Author:  FriedaChopsticks Number:  36956 of 76421

I don't have to pay a commission to put money into an index fund? I have about $1500 in VFINX right now and I paid a commission to do that. Maybe because it was my initial purchase of that fund?

Jenny,

Please forgive me if I'm telling you something that everyone else covered already. I skimmed, but didn't see this reply.

It is possible to invest a small amount monthly into your Vanguard IRA without paying purchase fees with them. Let me explain my situation briefly.

When I left my previous job, I had a tiny amount of $$ in my 401(k). I rolled it over into my IRA. After a little research on the Vanguard website, I found a form that would automatically deposit $X (X being a number I choose as long as it is more than $50) at intervals I determined (monthly, quarterly, etc.) from my bank account into my IRA. This works perfectly for me, because I know I HAVE to deposit this money for retirement, it is not an option.

I believe the form can be found in the Money-Transfers Options Kit on this page: https://flagship5.vanguard.com/VGApp/hnw/web/formlit/FormLit/OMaccount.jsp?category=MA

If this doesn't help you, please let me know. I will try to find the form for you on Monday.

Cheers,
Frieda
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