How do I invest mutual fund in my IRA? Through the fund family or the fund symbol?

Question

If invest through fund family, should I open another IRA in fund family? Which way is better to invest mutual fund, IRA in fund family or my own IRA?

Answer 1

In my opinion it is better to have an independent IRA. That way you have more options than just a bunch of funds in one fund family. For example, you can then invest in ETF index funds which have much lower expenses. You may also find a fund in another fund family that takes your fancy.

If, however, you do not wish the hastle, then start your IRA with that fund family.

Answer 2

As your investments increase in size, you will receive larger discounts by having investments at one fund family. Also, as your situation changes, you can move your investments from one fund to another without paying additional fees.

I recommend investing at a fund family that has a strong history and a broad range of investments (American, Franklin, Oppenheimer, or Alliance Bernstein). Your annual fee will also probably be less if you open the account through the fund family rather than an outside firm (Merrill, Raymond James, Dean Witter).

Final tip, regarding allocation, diversify between growth, value and international. Don't put all your eggs in one basket.

Answer 3

good advice, its very easy to start an ira at a fund family as well, just call them and they do all the work, or go to their websites and you can do them there usually, very nice to have the option of changing funds without extra fees

Answer 4

right here is one element to bear in strategies relating to the Roth IRA account. there is in no way any tax on it the place as there is on your 401k. This will become significant whilst pondering your asset blend. earnings producing investments are taxed on the entire tax fee as would be your 401k. consequently that's clever to take a position a minimum of a few of your 401k in earnings producing sources--bonds, LPs, REITs. The earnings from each of those is taxed on the entire tax fee besides. Now because of the fact the Roth IRA is in no way taxed, it additionally is clever to place those styles of sources into the Roth IRA additionally. and additionally fairness investments. What you ignored to show are investments outdoors of those 2 automobiles. in case you have some, they'd desire to be investments that must be taxed on the capital constructive properties fee--fairness investments. definitely, till you're in the utmost tax bracket that's clever to have a element of your fairness investments outdoors of a 401k. through doing so all the tax invoice would be decreased, tremendously in case you're an prolonged term investor. in case you have the least hankering to take a position a number of your funds in gold and silver those surely would desire to be interior of a Roth IRA. the two are taxed as collectibles in any different case. yet another element to contemplate in regard to the 401k is that during years yet to come the tax fee will certainly be larger, consistent with risk lots larger, than it presently is. when you consider which you particularly have not any decision of putting non-mutual fund investments interior of a 401k apart from consistent with risk business enterprise inventory, it definitely does make experience to take a position Roth IRA funds in business enterprise shares particularly than mutual money. yet be careful. that's particularly tempting for many to take a position with their Roth IRA account tremendously short term figuring out to purchase and merchandising which in any different case would be taxed on the entire tax fee. that must be a stable thank you to decrease that fee of the Roth account. Be in basic terms a sprint careful. make investments in the likes of MCD, WMT, JNJ, BDX, KO, and so forth. or perhaps ETP with its 8% dividend or PAA with its 7.5% dividend. and don't make investments it in fewer than 5 diverse businesses.