Author Topic: TIRA question  (Read 1580 times)

Guizmo

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TIRA question
« on: July 02, 2014, 12:15:12 PM »
Hi all,

I have a Roth IRA with 3kish in the Total Market Index and another 3kish in the Wellington fund. I want to open up a Trad IRA.

Do I need 3k to put in the Total Market in the new TIRA?

Thanks!

Cheddar Stacker

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Re: TIRA question
« Reply #1 on: July 02, 2014, 01:09:07 PM »
Do you mean $3K to meet the minimum requirement for that fund at Vanguard? If so, I don't know the answer because I don't have experience with that, but I'm a little confused by the question.

bikebum

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Re: TIRA question
« Reply #2 on: July 02, 2014, 01:19:23 PM »
With Vanguard, you still have to meet the fund minimum for each account, even if you already have the fund in another account. So you still have that $3,000 minimum for the total stock index in the T-IRA. I know because I had the same thing come up and asked them about it.

Guizmo

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Re: TIRA question
« Reply #3 on: July 02, 2014, 04:24:57 PM »
Thanks BikeBum. Guess I'll have to save the 3k fund minimum to open the Traditional IRA.

bikebum

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Re: TIRA question
« Reply #4 on: July 02, 2014, 05:46:27 PM »
No problem Guizmo.

You can pick a fund with a $1,000 minimum, like one of the Target Retirement Funds, then move it to the Total Stock once you have $3,000 in there. That's what I did.