American Funds Ira

We have all had questions on American Funds Ira before. Below are the top questions posed by visitors just like you to our. We hope our answers located below will help you solve your funding problems today. Feel free to ask another question, or even comment on what has been written.

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Claire Said:

is the min amount that you invest different for IRA's or AIP's the fund? For American Funds?

We Answered:

To establish an account (including retirement plan and 529 accounts) ....$ 250

For a payroll deduction retirement plan account, payroll deduction
savings plan account or employer-sponsored 529 account .... $25
To add to an account ... $50

The above is excerpted from a prospectus for one of American Funds funds.

It looks as though $250 is the minimum to open a new retirement account with them.

I went to their website. You can do that too, or even speak to an advisor that is familiar with their funds.

I must ask... why American Funds? and then... will you select the funds yourself or use an advisor?

Brandy Said:

American funds Roth IRA?

We Answered:

First of all, I do not think that American Funds has any bad funds. So, I think that you can be assured that those two are good funds. I do in fact own one American fund--Income Fund of America. It too is a good fund.

Daniel Said:

american funds vs vanguard indexes over time?

We Answered:

I personally own American Funds and have for many years. I think if you compare the long term results VS most NO-Load funds certainly comparing proper peer funds American Funds will do better. If you compare over shorter periods, of course the No-Load fund wins. When I say shorter periods 5 years possibly 10.
I noticed one of the posters said American charges a 5.75% Load, yes and no. This is the load for the first 25,000 your sales charge lowers as you invest more money with any loaded fund. Amounts over 1-m you pay no front end load.
If you get hung up on front end loads you miss longterm results, which should be of equal consideration. Who cares if a fund charges me 5.75% if the results are better than a no- load fund over longer periods you'll do better with the actively managed fund, possibly. Just because it's a no-load doesn't mean your better off.
I think Vanguard is a great shop, but you still need to do your homework when it comes to investing. I choose American Funds because I believe in the company philosophy, there's a great book about American Funds, titled "Capital" since they don't advertise or allow fund managers to conduct media interviews, this is really a good read about a very quiet company by Charles Ellis, who by the way had a difficult time being granted interviews...Vanguard VS American Funds? I don't know but if you go on the FINRA web site you can compare all funds by expenses and results, results can be as or more important, my Dad always said you get what you pay for...
Lastly, always look at the annual expense ratio, every fund has it No load or Loaded funds, my experience is that American Funds keeps this expense lower compared to their peers. This expense never goes away...Of course Vanguard is always the winner in this category, be sure you look at long term results....

Lastly, Lastly some people just hate to pay for anything, no matter what so be careful when asking this question... Bottom line do your homework! Read everything, then make your decision,see you in the long run...

Corey Said:

Why did the UK government tolerate American funding of IRA terrorism?

We Answered:

What could they do about it
It didn't come from US govt, It came from US sympathisers

Sidney Said:

What should I do about my roth IRA with American Funds that is losing $400 a month?

We Answered:

It should not be loosing $400 a month during the past month but indeed IRA accounts have taken a severe beating these last 18 months or so, mine included. If you withdraw the money there will be no hope of ever recovering your loss. American Funds is one of the very best mutual fund companies. In general their funds have good track records and their expense ratios are very low. You did not mention which particular fund/funds you have your money in. Almost all of their funds have a positive 5 year return. The one notable exception is AMCAP and its 5 year return is only -1.4%. Not a lot of funds can say that. In fact not many funds can say that. The Vanguard 500 Index fund has a 5 year return of -1.9% and everyone raves about how wonderful that fund is. Every American Fund fund beats that return. Every one. Hang in there kid. OH!! One more thing. Keep contributing. It is a better time now than it was in the past.

Byron Said:

american funds ira question?

We Answered:

The minimum amount required to open an IRA account varies with the account custodian.

Some custodians may have loaded (sales charge) mutual funds where the loads are waived if it's in an IRA. Read the fund prospectus for sales charge information.

American Funds Ira

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