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Subject:  Re: Roth IRA acct and safekeeping fees Date:  10/1/2013  9:58 PM
Author:  dsr10 Number:  73383 of 78166

Boy oh boy. This certainly is an onion with a ton of layers, though I expected that. So much food for thought, I can't even respond to all the things that have been posted yet.

But a good point was made about me possibly not understanding the fees involved with an account at Wells. I recently ran into that issue with them when I put some money into a checking acct so I could get a secured credit card (trying to repair some dings on my credit due to tough times a few years ago). It turned out that I had misunderstood some fees, even the bank manager admitted the wording was confusing.

I actually have at least $1000 to begin with, so maybe that changes things a bit. Perhaps I should think about beginning with that amount if it gives me better options and benefits. Main reason for saying $500 was, well, I'm nervous and that seemed less scary and fewer choices to have to think about.

The scenario I was thinking of today was something along the lines of Vanguard small cap ETF VB and the SCHX, roughly $500 in each.

Divendends was another thing I was completely confused about, just did