Treasury Direct IRA –no way!!
I have an existing Treasurydirect account. I want to. I’ve some of my IRA into t bills, do I open a whole new account at Treasury Direct, or do I just link the new IRA bills to existing account. I’m very concerned about combining any of the retirement money with other t bills
Terry Says
YOU CANNOT OPEN AN IRA AT TREASURYDIRECT TO BUY T-BILLS!!!
I put that in all caps to make sure you and all my readers get the message.
If you want the safety of Treasuries in your IRA, then buy a short-term Treasury-only money market fund, offered by most major mutual fund companies. They act as IRA custodians, and that’s how you get access to Treasury safety through a MMfund.
And some IRA custodians like Fidelity and Vanguard will allow you to buy Treasuries for your IRA through their brokerage division, but this is not a direct purchase from the govt.
