Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:What Took So Long? Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, February 12, 2001

What Took So Long?

Reported by Alfred Wang

Opening an IRA account online is emerging as a fashionable tax time strategy, and American Century Investments is the latest fund complex to make this option available for investors. Investors wanting Roth or traditional IRAs for the 2000 tax year now can open those accounts online and fund the account immediately. For investors rolling over a 401(k) or other retirement plan assets into a Rollover IRA, the process now can be completed entirely online.

With online applications available October 1 and other similar IRA programs already announced this year, doesn't this seem a bit tardy for a firm with such a strong commitment to the Internet?

"We actually did have applications available October 1 at 12:01 AM," said spokeswoman Beth Randolph-Taylor. "As we have developed the technology, we've been rolling out different kinds of applications."

Next on the docket for online development is LearningQuest, the firm's 529 program.

"We don't have a specific date yet because we have infrastructure issues since it's on a different platform," explained Randolph-Taylor. Also in the works is a 401(k) rollover program. She said, "You can do it online now, but we're improving how that functions from the customer's end.

The Kansas City firm has approximately $100 billion in assets under management in seventy-five mutual funds.

 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use