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.

Regards…..Pixy
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