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Investing/Strategies / Retirement Investing
|Subject: Investing Questions||Date: 5/5/2013 3:34 PM|
|Author: myfoolmc||Number: 72205 of 81642|
I'm new to personal investing and new to the Motley Fool community board, so please forgive if this question has already been asked and answered.
I have a traditional IRA in a bank earning pathetically low CD rates. I would like to do a direct trustee-to-trustee transfer to Vanguard, opening 3 mutual fund IRA's, one of which will be a money market mutual fund.
Can I treat my Vanguard Money Market Mutual Fund IRA as a bank account to purchase funds (monthly) in the other two Mutual Fund IRA's? The idea here is to purchase funds each month to take advantage of dollar-cost averaging, or value averaging.
What fees do I incur using my Money Market Mutual Fund IRA to purchase funds in the other two Vanguard Mutual Fund IRA's?
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