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Author: AngelMay Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Nuts & Bolts - Broker Availability Date: 4/10/2006 11:53 AM
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Investing in the fund directly would be a taxable investment, would it not? I am looking to invest tax-advantaged.

I am under the impression that an IRA has to be opened with some type of financial entity such as a bank, broker or investment firm like Vanguard or Fidelity. I am ignorant of what other avenues there are to have an IRA account.

I am also under the impression that the investments made within that IRA have to be available at the entity where the account is opened. If Scottrade doesn't offer a particular fund, then I can not invest in that fund within my IRA I have at Scottrade.

If'n this ain't rite ... then learn me sumpin.

DC




Not necessarily a taxable investment.
I have my IRA at Vanguard.
I used to have an IRA at American Century -- and a Rollover IRA at Vanguard -- and another Rollover IRA at eTrade.

Finally moved everything to Vanguard.

But yes, if you have your one and only IRA at Scottrade, then you would have to buy through them.

AM
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