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Are minimums waived for IRAs and/or automatic investment plans?

April 26, 2017automatic Investment IRAs minimums plans waived

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Are minimums waived for IRAs and/or automatic investment plans?

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You can establish an IRA and/or other retirement plan with a $100 minimum initial investment and an expressed intention to increase the investment to $1,500 within 12 months. Accounts may also be established with a $100 minimum initial investment and the establishment of automatic monthly investments of at least $100 withdrawn from your bank account monthly as specified through the Automated Clearing House. The Pre-Authorized Investment Plan can be established by completing a FPA Fund Information Form (application).