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Purchasing Vanguard TR Funds on TDA
Posted on 4/14/17 at 5:52 pm
Posted on 4/14/17 at 5:52 pm
As an admitted discipline-lacking trader, I'm looking to consolidate the majority of funds in my TDA rollover/traditional IRA by putting them into a Vanguard Target Retirement Fund (2055 or 2060 as a 33 y/o).
I realize TDA charges a ~$50 commission fee to purchase mutual funds (which a Vanguard TR fund would be), but I can usually get TDA to throw some free trades whenever I call. Aside from the commission to purchase the TR fund, my main concern is that I'm overlooking some other sort of "hidden" fee/expense/commission through TDA that would make it stupid for me to purchase and hold a Vanguard TR fund there as opposed to on Vanguard.
My preference is to stay with TDA, as I also have my cash account and Roth IRA there, and their online interface is far superior to Vanguard's.
Is there any fee/expense concern I'm missing that would warrant moving to Vanguard simply to purchase one of their TR funds?
I realize TDA charges a ~$50 commission fee to purchase mutual funds (which a Vanguard TR fund would be), but I can usually get TDA to throw some free trades whenever I call. Aside from the commission to purchase the TR fund, my main concern is that I'm overlooking some other sort of "hidden" fee/expense/commission through TDA that would make it stupid for me to purchase and hold a Vanguard TR fund there as opposed to on Vanguard.
My preference is to stay with TDA, as I also have my cash account and Roth IRA there, and their online interface is far superior to Vanguard's.
Is there any fee/expense concern I'm missing that would warrant moving to Vanguard simply to purchase one of their TR funds?
Posted on 4/14/17 at 7:09 pm to Jwodie
You don't have to pay $50 each time if you're buying the same MF, set it up for a regular deposit and you only pay the $50 once per fund. I do TDA for my i401k and I'm buying Vanguard mostly. But I have bought some other ETF's as well and TDA has more options.
Posted on 4/16/17 at 2:56 pm to Sho Nuff
I mainly do large adds a couple times per year, so your note gets back to my point of not being concerned with the initial TDA commission ~$50) to purchase the Vanguard TR fund.
I'm mainly concerned with there being some other TDA cost/expense/fee I'm missing that would make it worth me moving entirely from TDA to Vanguard, merely to buy and hold one of their target retirement funds.
I'm mainly concerned with there being some other TDA cost/expense/fee I'm missing that would make it worth me moving entirely from TDA to Vanguard, merely to buy and hold one of their target retirement funds.
Posted on 4/19/17 at 6:20 pm to Jwodie
Anyone have any insight here? My uncertainty must be warranted...
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