There is advantage in having both a taxable account and IRA at the same place. They will have different account numbers and Janus won't screw up. It may be advantageous to be able to call up and ask for $2000 next year, or whenever, to be transferred from one account to another, and Janus will know you have more money under their management. At some point there can be perks associated with being a larger customer. To figure whether you do better with taxable or tax exempt money markets, figure rate x (1-tax rate) and if that is more than the tax free, you do better with the taxable, if not, better with tax free. It is not clear why you think there would be a big tax bite in opening an account with Buy and Hold or E-trade. Taxes come when you sell a stock at a profit, not when you open an account. If you buy and hold a stock you can put capital gains taxes off indefinitely. Best wishes, Chris
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