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1.) You are not expecting to stay are your current job long enough to vest the employer contributions in your 401K.

2.) The IRA is only guaranteed to be free as long as you are an employee. You will incur a rollover charge to move it.

3.) Vanguard would charge $2.50 a quarter until the balance in the VFINX fund is greater than $10,000 and an annual $10 fee until the IRA balance is greater than $5,000. No front end or back fees on purchase/sells.

4.) B shares have no front end fee but have higher annual fees than class A and depending on the time they are held may have back end fees. Do they convert to class A shares after a specific period of time or will you always be paying the higher annual fees?

Unless as an employee you are prevented from opening an IRA else where I would pay Vanguard the $10-$20 a year.

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