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Investment accounts for ROTH IRA, Regular IRA and non-retirement money Archived From: Finance

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alert mods    
   posted: Sep. 13, 2004 @ 5:09p

I am not too happy about the minium balance I have to keep to get my fees waived at Schwab. Any other good choice out there?


alert mods    
   posted: Sep. 13, 2004 @ 5:26p

Trust me, if you put the words IRA or Broker or whatever into the search function here, you will find tons of recommendations from fat wallet users. Give it a try!


alert mods    
   posted: Sep. 13, 2004 @ 5:30p

Thanks I need one that can do all three. I had TD waterhouse, am express and fidelity before. I will do a search later.


alert mods    
   posted: Sep. 13, 2004 @ 6:02p

return222 said:Thanks I need one that can do all three. I had TD waterhouse, am express and fidelity before. I will do a search later.

I'll let you know later.


alert mods    
   posted: Sep. 13, 2004 @ 6:03p

return222 said:Thanks I need one that can do all three. I had TD waterhouse, am express and fidelity before. I will do a search later.

double post

still no answer, i didn't see the search button


alert mods    
   posted: Oct. 14, 2004 @ 5:06p

Try Ameritrade, it does not have any restriction on minimums or inactivity period. It has cool tools which I hardly use.


alert mods    
   posted: Oct. 14, 2004 @ 5:07p

I have accounts at Scottrade, Fidelity and am not charged any annual account maintenance fees.


alert mods    
   posted: Oct. 17, 2004 @ 6:47p

Scottrade does not charge a low-balance fee or annual IRA custodial fee. Some credit unions like Boeing Employees Credit Union do not impose these fees.

FYI, see Individual Retirement Arrangement FAQ for some useful Internal Revenue Service facts about these accounts - including the correct title.

Publication 590 - Individual Retirement Arrangements


alert mods    
   posted: Oct. 17, 2004 @ 8:46p

SeattleNative said:FYI, see Individual Retirement Arrangement FAQ for some useful Internal Revenue Service facts about these accounts - including the correct title.
That's the correct title for that IRS publication. That does not mean it's the correct meaning of "IRA."

"Individual Retirement Arrangement" is just a name made up by the IRS. The Code and regs don't use it. Neither says outright what "IRA" stands for, though the regs imply it's "individual retirement account." In any case, it's obvious the OP is talking about an individual retirement account, not an annuity, so it would be correct to use that term even if IRA meant "individual retirement arrangement."

The IRS doesn't get to decide what Congress meant when it picked that name.


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