The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/vanguard-actually-charges-20-a-year-10-a-year-17526924.aspx

Subject:  Re: Index Fund Rec's? Date:  7/17/2002  9:36 AM
Author:  mikeg1382 Number:  34849 of 75335

Vanguard actually charges $20 a year-$10 a year custodial fee and $2.50 per quarter for a maintenece fee. The $10 you pay when you want up until something like June 5th, after which they take it out of your account, and it is waived after you reach $5000 in your IRA, or have assets totaling more than $50 grand with Vanguard. The $2.50 they sock out directly every quarter. That comes to a little over .05 a day with the custodial fee, and a little under .03 a day after you reach that $5000 mark. Personally, I think the fees are worth it as Vanguard is very user-friendly and up-front.

just my .02 cents!

Mike in NJ
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us