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Investing/Strategies / Retirement Investing
|Subject: Re: small contributions to IRA||Date: 8/15/2003 5:39 PM|
|Author: FriedaChopsticks||Number: 36956 of 80200|
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?
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.
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