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[[... The recommendation is strong enough that my brokerage (Kennedy, Cabot) insists that I maintain two seperate Roth IRA accounts: a Roth rollover account; and a contributory Roth account.
I don't know if all brokers are handling Roth accounts this way. Just thought I should pass this on, and maybe help others avoid this confusion. ...]]

Charles Schwab also requires two separate accounts (i.e., they insist on maintaining separate accounts for new contributions vs. rollover contributions). From what I understand, Schwab charges $29 custodial fee PER ACCOUNT for ROTH IRA accounts worth below $10K. Apparently, if your contributory ROTH and rollover ROTH, together, are not worth at least $10K, you will be paying twice as much, a total of $58 per year, in custodial fees (i.e., $29 for the contributory ROTH and $29 for the rollover ROTH).

In my own words, I tried to explain to the Schwab representative how unfoolish it was to charge separate fees for each account. She just returned a puzzled look, unable to grasp foolish concepts.

Good luck.

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