i had similar questions abt ira at vanguard or scottrade. i went with scottrade as they dont charge any fews for the ira itself. some charge 25$. with scottrade i can buy stocks at 7$ instead of 25$ at vanguard. also they offer funds of sevceral families like 9000 funds.also i think i may avoid the 10$ fee with scottrade..not sure..but its only 10$ man...in 2 months ur investment can grow much more than that to offset that...but u can surely deposit 6k$ or rather 5k$ and avoid the fee next yr.. u shud surely dollar cost avg esle u may buy high...invest regualry 2 times amonth or so..