Greetings, I want to open an IRA with Vanguard, but don't have the $10,000 minimum to open an account.Last time I checked, Vanguard's minimum for IRAs was $1,000 which isn't that high, IMO. I think most discount brokers would require at least $500 at a minimum for an IRA account.You do realize that if you bought say, the Vanguard Total Stock Market that there are $20/year in fees until you get up to $10,000 right? There is a custodial and an account maintainence fee. Some people find these really annoying and may be enough to make the discount broker option worthwhile if the transaction costs are low enough.I know it makes sense to open an IRA with that particular fund family, but I also want to have an IRA that is invested in CD's, stocks. I assume it would be better to open such an IRA with a discount broker?Possibly. There is a question for how small of a CD do you want to allow and how much would the broker charge for such a transaction? Would the IRA get hit with inactivity fees and what custodial charges are there are also worth investigating, IMO.Regards,JB
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