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No transfer fees that I know of. Here's an article that might help. It's a little outdated in that the minimum inital investment has been raised from $250 to $500 for IRAs and $1500 for taxable accounts, and the $25 minimums have been raised to $50. I think, however, you will still find it helpful. That's really all that has changed, to the best of my knowledge.

I opened my Roth there with the same idea of transfering it to Vanguard when I reached 10k. I may still do that -- on the other hand, I like the fact that I can have several different funds in my roth, with low balances, without being charged fees for all of them. It gives me more of a chance to control my diversification.

They are set to raise their expense ratios in 2006 (they have a temporary 'sale,' if you will) -- if they do that, I will most-likely transfer, but they've extended that once already. My feeling is that they will probably make that low expense ratio permanent at some point. We'll see. For the mean time, I'm pretty happy with them.

Glad you're considering the 'Dummies' book in your budget -- the cover is a pretty yellow. <grin>

Hope this helps.
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