Noload or low maint. Roth

[Guest Al Dyer]

I'm interested in a noload or low maint. educational Roth IRA for my granddaughter as well as same noload/low maint. for my wife and myself.Preference in the area of an aggressive mutual fund. Any ideas?

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[Guest taxsolutions]

Delaware Funds has an ED-IRA with no IRA custodial fee. Roth & Traditional are also fee-free for life with a $10,000.00 rollover.

[John G]

"Aggressive" is often in the eye of the beholder. What you call aggressive I might call growth. The labels can be misleading.

Two of my favorites are very similiar: Janus Twenty and Marsico Focus. They both concentrate their picks on about 20 to 30 stocks. Both have good track records. Tom Marsico left Janus about two years ago to start the Marsico... and amazingly, both funds have prospered. They hold big cap growth stocks and some turn around prospects. I like the "focused" portfolio concept. Both are no load, but I do not know their IRA fees.

Besides web sites, you can use Kiplinger, Worth, Money and other financial mags to give you some ideas. Don't get lost... you have about 8000 mutual funds to consider.