Interactive Brokers (IBKR or "IB") is an online broker used by many active traders. Unlike other typical brokers for retail investors (Fidelity, Schwab, Vanguard, E*Trade, etc.), Interactive Brokers ...
Choose Your Investments and Your Accounts Separately
[Rewritten after major online brokers all lowered their commissions for online ETF trades to $0.] Your investments and your accounts are two different concepts. You don't "buy" an IRA. Your IRA is ...
Authorize A Family Member To Access Your Accounts
When you have a joint account, each person on the account can transact with the account. As part of our estate planning package, my wife and I created a trust, with both of us as co-trustees (see Will ...
Will Other Brokers Match Vanguard and Make All ETFs Commission-Free?
Online brokers are in a very competitive space. When Charles Schwab lowered its online trading commission from $8.95 per trade to $6.95 in 2017, within days Fidelity lowered its commission from $7.95 ...
Best Broker For a Custodial Roth IRA For Your Kids
The age of majority is 18 in most states in the U.S. Kids under 18 are allowed to work for pay but they aren't allowed to open an account with a financial institution unless an adult over 18 is either ...
Advice-Only: The Best Model For Financial Advice People Need And Want
I had a problem with my air conditioner. Even though the thermostat was switched to OFF inside, the "engine" outside continued running. I noticed the problem when I heard noise outside the window. I ...