No. of Recommendations: 1
In the Fool's advice for setting up an IRA, it is stated that one of the 1st things to be done is to set up an account with a discount broker. Then, it is recommended that a significant portion of the investment be with the Vanguard 500 Index Fund. Why isn't it more practical to buy into the Fund directly from Vanguard? This way, the transaction fee charged by the broker can be avoided. Furthermore, if the account is opened with $5,000 of more, Vanguard waives $10 a year custodial fee.
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.