No. of Recommendations: 0
Greetings, Johnmci, and welcome. You wrote:

<<I am searching for a (discount?) broker with which to invest a substantial (for me) sum of money, over 100k. This money needs to be transfered into a tax defered account (from the disbersement of funds from a closed E.S.O.P plan). Should I open several IRA accounts, I have read that accounts are only insured to $100k?

Does this amount of money offer me any clout to get free or reduced fees from any of the brokerages ?

Do I have to watch out for tax problems with opening multiple IRA accounts, or do they base the tax deferment on the total amount you contribute per year ?

I plan to spread my money out over two or three risk levels, one will probably be a foolish four portfolio, and I haven't decided on the others yet. Any suggestions ?

I'm reading alot right now, I need to be ready for the disbursement anytime from 2 - 14 months from now, but I must be ready when it happens.>>

Zev aka Zgriner provided you with some excellent comments and suggestions. If you haven't read that response, I urge you to do so. As to your investment decisions, I'll echo his comments about doing some additional reading within the Fool's School on the various strategies. It's your decision, and the more you know the better equipped you will be to do so with full confidence that your choice is right for you.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.