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Subject:  Re: A few questions about taxable accounts Date:  11/21/2003  12:20 PM
Author:  pauleckler Number:  37936 of 80268

You ask quite a few question, Aida. I'll try them, but perhaps others will be able to fill in a few details.

On meeting the $5K minimum in your Roth, the easiest way is to wait until Jan 1. Between Jan 1 and income tax day (Apr 15) you can make a $3K contribution for 2003 and another $3K contribution for 2004. Consider making them both to exceed the minimum and avoid the fee.

On discount broker vs mutual fund company for your taxable account, it depends entirely on where you plan to invest. Your mutual fund company will usually accept your contributions for investment with no fees charged. The discount broker may charge fees for some mutual funds, but gives you a broader range of investments to choose from. You can always move the account later, but that is a hassle and often involves paying a fee. So make you choice.