I think that was proper grammar...Anyway, I am about to set up my wife's and my first Roth IRAs. I have pretty much decided on VFINX. What I am having trouble deciding is whether to set up the Roth through Vangaurd or through E*Trade (I already have a brokerage account with E*Trade).The benefit to using Vanguard as I see it is the ability to invest small amounts on a regular basis into the fund. However, they charge an annual fee if the account is under $10,000. E*Trade's is free. What I would like to know is if anyone knows if I can invest incrementally into VFINX using E*Trade's Roth without commission.Any help would be appreciated.Pfreak
I don't think so. You are saddled with the commission as far as I know. It would be cheaper to directly invest with the fund company.
As I was putting my question in text, I started to think the same thing. Why would E*Trade offer a free account and then let you bypass their commission?Thanks for clearing me up, Ringfinger. Perhaps since I am going with VFINX, I should change my username to INDEXfinger ;)Pfreak out.
Hello there, my husband and I have our Roths at Vanguard and are very pleased. Unless they've changed it recently there is only a custodial fee ($10/year) if your IRA account is less than $5000. There are no commissions on buying or selling the funds. I would go directly to the source.
asarver,Thanks for the info. I believe, if I read it correctly, the account needs to be above $10,000 to get rid of the custodial fee.Either way, that's not to bad. I have decided to go with Vanguard (as long as I can get the full-service broker/wife's friend off our back).Thanks again,Pfreak
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