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Subject:  Re: Vanguard Roth Date:  4/12/2002  5:48 PM
Author:  Barak0 Number:  34179 of 78166

Vanguard wants $30 per year "maintenance fee" for me to open 3 $1000 funds

Hmm, I don't think you have that quite right, and it looks like it might be even worse than you suspect. From my interpretation of their terms (excerpt below)...

There's the "account maintenance fee" you're talking about, which as I read it is $10/year until you have over $10,000, regardless of number of funds.

Then the "IRA Custodial Fee" which is per IRA fund less than $5000, not per account.

So, overall, it would be:

Account Management: $30
IRA Custodial: $150 (by the time you get $5000 in each fund)
Total: $180


Account Maintenance Fee: Shareholders are charged an annual $10 account maintenance fee, which is paid directly to the fund. This fee is waived for accounts with balances of $10,000 or more.