Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19221  
Subject: Re: cd's and treasuries in Vanguard IRA Date: 8/8/2000 7:42 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Greetings, Donsuefuggrwe, and welcome. You asked:

<<Help--How do I get new cd's into my IRA at Vanguard. I have Vanguards prime money market fund. Can I get treasuries from treasury direct into my Vanguard IRA?>>

No, your CD will have to stay with the issuer. If it's in an IRA at a bank, then when it matures you may cash it in and transfer the proceeds to your Vanguard IRA. As to the Treasury issue, you say you have that at Treasury Direct. That tells me automatically it is not in an IRA because Treasury Direct will not act as an IRA custodian.

My guess is none of this money is presently inside an IRA. An IRA may accept cash and cash only from taxable accounts. Even then, to make the contribution you must have earned compensation (i.e., job income), and your yearly contribution will be limited to the smaller of your annual wage or $2K.

To learn more about IRAs, you might want to visit our IRA area at http://www.fool.com/money/allaboutiras/allaboutiras.htm.

Regards..Pixy
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement