UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: drbear One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74815  
Subject: Re: Self-Directed Roth IRA's Date: 1/13/1998 1:13 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
TJC wrote:
<<If I were to start a self-directed Roth IRA through a discount broker (such as Waterhouse), do I pay commissions on transactions just as if I were buying and selling regular securities, or does it depend on the broker? Also, is it possible to set-up an automatic investment into the IRA, for example, have my broker invest according to my preset instructions once a month into the IRA?>>

See TMFPixy's earlier post regarding commissions. Waterhouse will let you set up a periodic investment (monthly or quarterly) for any mutual fund they offer with no transaction fees (approx. 800 funds). The minimum is $100. However, any commissionable trade has to be initiated by the account holder (or someone with power of attorney).
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Feste Award Winner Announced!
Congrats to the Winner of the 2013 Feste Award!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement