Skip to main content
No. of Recommendations: 0
$10 annual custodial fee on each fund in your Roth IRA with a balance of less than $5,000.

Huh, well, I looked and that doesn't seem to be just for index funds either, which is the case in a taxable account (and the number is $10K).

Call them and ask them when in the year the fee is assessed (let's say, December 15 - though, they may not be able to answer so specifically). So put your $4K in after that for 2005 (you have until April 15, 2006), and just make sure to get another $1K or $2K in before that time next year (hopefully, you'll have another full $4K in).

Given that, you'll have to go with only one fund, so a 'total market' kind of fund (but, of course, indexes still have the $10K minimum). This is all if you decide to go with Vanguard. While they're an excellent choice, by no means do I feel any one decision is the only right one.


Let's keep the feels in perspective though. $10 on $4K is 0.25%. Add that to most Vanguard funds and you're still below the industry average.
Print the post  

Announcements

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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.