No. of Recommendations: 0
In your original post you wrote: I am going to open a Roth IRA for each of us, I plan on putting 3K in each account once each year.

In your third post you wrote: I thought it said 10K per fund, I was planning on investing 1.5K in two funds, thus the 7 years. I very well may have not understood what I was reading.

According to your first post, you plan on contributing $6K between both RIRAs, but in your third post you indicate that you plan on contributing $3K between both RIRAs. Like Yobria, I was confused about the ten years in your first post.

Sorry about that, I can see where this could be confusing.
I am going to open one roth for me (3K) and one for my wife (3K). The third post was talking about one account, I am planning on buying two different funds VTSMX (1.5K) and VEXMX (1.5K) to make the 3K total, for my account. I thought the vanguard site a $10 charge for each fund until 10K is reached, so 1.5K X 7 years = 10.5K ,so my thinking is it will take me 7 years of the $10 fee.

After reading the responses to my posts, I think I am going with Scottrade since I can get the flexability to buy other types of investments (stocks and ETF's), plus I will not have to pay any fees, sounds like the only way to go.
Anyone know if I can send funds to Scottrade using my free electronic bill pay from my bank ? (I can't see why not)
Thanks again for all your responses, they are really helpful.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.