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I am 24 and I need to start an IRA. I've already decided on a Roth because of the tax free distributions on retirement. Right now I am planning on putting dividend paying stocks in my IRA, so if I purchase these stocks through a discount broker, I am going to be paying commission fees for every transaction, from 10.99 at Ameritrade to 19.95 at Fidelity (for no annual fee IRAs). My plan was to put $300 into the account per month, and use my bonus to get the rest of the contribution limit.

I have the following questions I was hoping to get some advice on:

1) Is there a way to get around these commission fees?

2) Is there a way that I can start a DRIP account with the companies I want to invest in, and just hold the IRA account at a discount broker while paying the annual fee? (usually around $25)

3) Should I just save up my $4000 throughout the year and once I have it put it into the IRA as a one time trade? (Ideally I would like to dollar cost average and buy throughout the year though.)

4) If there is anything else I should consider, please let me know.

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