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Author: pauleckler 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 76397  
Subject: Re: Self-directed IRA's Date: 8/21/2005 4:09 PM
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Welcome jimor. Glad you could join us.

It depends on several aspects. Do you want a mutual fund company? Or do you want a discount broker (so you can own both stocks and mutual funds)?

At one time, several discount brokers had no maintenance fee IRAs. Scottrade was one. I think e-trade was another. But those companies have changed their fee schedules recently to emphasize larger accounts. I am not sure if that info is current.

Mutual fund companies can be more economical if you plan to buy only mutual funds. They charge no fees for mutual fund transactions (in their own funds), but they may have maintenance fees for smaller accounts.

So check out the whole cost picture for what you plan to invest in before you decide.
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