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Ameritrade does charge a fee to transfer stock or cash so my question would be why bother? It is true the more IRAs you have the more work you have to do to keep track of your investments, but how much work are we really talking about? You have TMF track your investments (or Yahoo, MSN,...) and then when you do want to make a trade (sell CSCO in this case) just log on to Ameritrade and go for it.

Now it would make sense to transfer your assets if you no longer want to play the stock game and are looking for particular mutual funds, because of the fee that Ameritrade will charge you to purchase the mutual fund (if it even offers to sell it).

With that said if your looking to invest in one of the popular indexes you don't have to actually buy an index from a particular company. Instead you can buy one of the ETFs (short incomplete deff of ETF: index fund that is sold like a stock). Vanguard is about to get into the ETF business, Ishare has a VERY competitive S&P500 out there right now.
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