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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Are all Roth-IRAs equal? Date: 9/29/1998 9:02 AM
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Greetings, Flitt, and welcome. You asked:

I'm considering a Roth-IRA this year. I would like a self directed plan which will allow me to roll a 401K in the future with the lowest lifetime transaction costs.

I'd like to try the dow dividend approach as to limit commissions from trades.


If you're going to use a Roth IRA to do your own trading and if you want to minimize your costs, then you want to establish a self-directed Roth IRA with a discount broker of your choice. Also, be aware that a 401k cannot be transferred directly to a Roth IRA. It must first go to a traditional IRA, but once there it can be transferred immediately to a Roth. For info on how to find a discounter, check out this link:

http://www.fool.com/media/DiscountBrokerageCenter/DiscountBrokerageCenter.htm

Regards….Pixy
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