The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Transfer of Roth IRA||Date: 3/28/2005 3:32 PM|
|Author: wcfenton||Number: 45310 of 77149|
The low-balance Vanguard fees are a nuisance, but the new $17 transaction fee through Scottrade would be even more of a nuisance. Right now, my money is in one fund until I meet the minimum account fee to get rid of one of the two $10 annual fees. Vanguard makes dollar-cost averaging much simpler, and I feel more comfortable with Vanguard.
Another plus associated with your move to Vanguard is that you will eventually invest enough in your account so that you will not have to pay the low-balance fee. If you stayed with ScotTrade, you would have to always pay the transaction fee every time you wanted to add to your Vanguard Fund. So - at least there is a light at the end of the tunnel.
In case you haven't seen it yet, this link explains Vanguard's fees:
Bill (A happy Vanguard member)
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|