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Home > Financial Services > Stock Brokers > Tradeking
Tradeking
Tradeking is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
Tradeking was launched in 1997 with the lowest online trading commissions at that time $7.95. Tradeking grew to be the 8th largest online broker before merging with Quick and Reilly’s online brand as part of Fleet Bank and Fleet Financial. Their corporate offices are located in Boca Raton, Florida. Their technology is developed on Wall Street and hosted at multiple redundant locations throughout the U.S. deploying state of the art security standards.
TradeKing offers over 8000 mutual funds, including load and no load funds from most leading fund families. Their funds cover a range of investment objectives, strategies and asset classes. One often overlooked option is a state sponsored qualified tuition program. These plans offer attractive tax benefits while allowing you to contribute substantially higher sums than with other savings vehicles, such as the Coverdell Education Savings Account also known as education IRA and custodial accounts. The funds may generally be used for any qualified higher education expense, including tuition, room, board, fees, books, supplies and equipment.
Since retirement does require 70 to 90 percent of your current income, as previously stated many people are contributing to Individual Retirement Accounts in addition to employer sponsored plans.Traditional andRoth IRAs allow for annual contributions of $3,000 for 2004. In addition, for those age 50 and older, annual catch up contributions of $500 are allowed through 2005, when that amount will increase to $1,000. Funds in both accounts will be subject to a 10 percent federal income tax penalty if distributions are taken before age 59½, however, certain exceptions may apply.
Their goal is to offer you a unique and first rate brokerage experience next generation web based trading and tools that are easy to use and backed by guaranteed customer service.
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