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Author: ddeitch Big funky green star, 20000 posts Top Favorite Fools Old School Fool Ticker Guide SC1 Red Winner of the 2010 Rule Breakers Challenge Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75379  
Subject: Vanguard Roth Date: 4/12/2002 5:11 PM
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I was planning to open a new Roth account with Vanguard. I already have one with Scudder but the fund performance with Vanguard seems to be a lot better, specially with indexes. Here's the catch. Vanguard wants $30 per year "maintenance fee" for me to open 3 $1000 funds (my 2002 contribution). This would be for 3 years until my annual contributions or earnings boost the balance over $10k. Essentially, my investment will be down $90 over 3 years before I even get started.

1) How does this benefit anyone but Vanguard?
2) Is there a Foolish justification for doing this?
3) Is there a better alternative?

Foolishly Frustrated...

David
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