No. of Recommendations: 0
As I am coming into this discussion slightly late, I am both posting and emailing my reply.

I have my IRA rollover at Vanguard; I think they are a great company, but I did want to make you aware of some fees. As jesserivera67 mentioned, there is $10 a year fee for each fund that has a balance less than $5,000. In addition to that, there is also a $10 a year fee for each index fund that has a balance less than $10,000. In other words, if you open 5 index funds each with $1,000 you will get charged $20 in fees for each fund for each year.

Now, with the very low Expense ratios on Vanguard's funds you are probably still going to make out better than if you opened your funds anywhere else, but I just wanted to make you knew about the

To verify this information, I called Vanguard's Retirement Resource Center at 1-800-669-8623 this evening. As I will be opening my Roth IRA sometime in the next month or two, I wanted to make sure that I had it straight for myself.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.