<prompt> Human: Hello, I have just invested 10k cash 5.5 2017 contribution 4.5 2018 contribution to a new Roth IRA account with Raymond James bank. I asked my advisor to invest the cash in Vanguards 2050 Target Retirement fund, VFIFX, and he says that according to DOL rules, I cannot buy no-load funds in an IRA can only be bought in a taxable account. He says that he could do American Funds 2015 TR fund though, CCITX. Can anyone help me understand this? I thought VFIFX is a pretty typical fund to utilize for a retirement account.edit - ty for all the replies. the picture is becoming clear :  <response>: Ditch him. The only thing that would prevent him from putting no load funds in your IRA probably relates to how hed be compensated in that case. Normally hed get commission from the load fee. Hes not being forthcoming about the real reason he cant use a no load fund. There is nothing in any DOL rules that prevent a no load fund from being used in an IRA. 