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Author: TwoCybers Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76398  
Subject: Re: Retirement planning Date: 4/8/2013 4:54 PM
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You can have a dozen or two dozen IRAs if you want. The limits apply to the aggregate.

Vanguard is not my favorite broker - they have good (and some not so good) funds.

There is another factor in the area of fees - that is the total size of all accounts at a broker. Splitting accounts between brokers can lower your total at a brokerage that will cut you out of stuff.

While money is not to be thrown away, opening an account at Vanguard for the sole purpose of saving $75 a year may be not your best way of increasing the bottom line. A membership at Morningstar can be valuable well beyond its cost. Also check out other brokerages. My Vanguard mutual fund purchases, while not zero, are less than $10. I do limit my Vanguard purchases to one per year in each fund.

As I recall, Vanguard charges a significant fee an purchases (and sales) or any non-Vangaurd fund.

Lastly in this area if you open new accounts, check on fees for closing accounts. All the accounts you open will be closed eventually.

Gordon
Atlanta
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