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Author: rkmacdonald Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: Re: Vanguard IRAs Date: 2/17/2002 9:20 PM
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Author: FoolishWarthog Date: 2/16/02 6:05 PM Number: 33822

I'm concerned about 'inactiviy' fees, etc

I found the following on the Vanguard site at:

http://victory.vanguard.com/educ/newsstnd/ITV/2000Spring/custodial.html

Vanguard assesses a $10 annual custodial fee for each fund in which an investor has IRA assets during the year. For example, if you have IRAs in three funds, you will owe three fees, or $30, for the year. The custodial fee covers the cost of tax reporting that Vanguard is required to complete each year. The fee is due regardless of how long an account is open.

You need not worry about the fee if:

Your IRA fund accounts are valued at $5,000 or more. We look at account balances in the beginning of June to identify accounts that are eligible for this waiver. Accounts established after the June evaluation are reviewed in December.


RK
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