TIRA question

[Guizmo]

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]

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]

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]

Thanks BikeBum. Guess I'll have to save the 3k fund minimum to open the Traditional IRA.

[bikebum]

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.