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Just wondering what is the differnce if i open and IRA with vanguard for the target retirement fund or if i just use sharebuilder or my brokerage account to buy shares of the index/fund. I know with vanguard you need at least 3000 intial and 100 continually after that. Wouldnt it make more sense for me to use sharebuilder i just wanted to make a one time investement once a year of 5000 dollars.<i/>

Um, that's actually not true. You need to maintain a minimum of $3000. If you do a regular contribution you need either $50 or $100 minimum depending on what fund you are buying. If it isn't a regular contribution you can buy as much as you want up to the annual limit with a minimum of $100 per purchase. You should look at the fees you will be charged from you brokerage/sharebuilder and compare that with buying direct.
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