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Money order for IRA

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Old Mar 30, 2017, 5:49 pm
  #1  
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Join Date: Sep 2016
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Money order for IRA
I would like to fund my IRA w/ a money order paid for w/ credit card. Is that possible? I need a $5500 money order. Thanks
traderva is offline  
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Old Mar 30, 2017, 6:06 pm
  #2  
 
Join Date: Sep 2014
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Originally Posted by traderva
I would like to fund my IRA w/ a money order paid for w/ credit card. Is that possible? I need a $5500 money order. Thanks
you'll have to check with your broker if they will take MOs.

Mine wont take MOs. Perosonal checks and maybe Certified checks.
lumangoy is offline  
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Old Mar 30, 2017, 7:31 pm
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Join Date: Jan 2014
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Robert W Baird accepts MO. Gave them 13k.
Steelcurtain is offline  
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Old Mar 30, 2017, 9:27 pm
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Join Date: Sep 2013
Location: PHL suburbs
Posts: 216
Even if your broker accepts MOs, you won't be able to get a single $5500 money order. Best you could do is 5x 1000, 1x 500. I'd just deposit your MOs in the bank and write a personal check.
ntr91 is offline  
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