No. of Recommendations: 0
Author: FoolishWarthog Date: 2/16/02 6:05 PM Number: 33822

I'm concerned about 'inactiviy' fees, etc

I found the following on the Vanguard site at:

Vanguard assesses a $10 annual custodial fee for each fund in which an investor has IRA assets during the year. For example, if you have IRAs in three funds, you will owe three fees, or $30, for the year. The custodial fee covers the cost of tax reporting that Vanguard is required to complete each year. The fee is due regardless of how long an account is open.

You need not worry about the fee if:

Your IRA fund accounts are valued at $5,000 or more. We look at account balances in the beginning of June to identify accounts that are eligible for this waiver. Accounts established after the June evaluation are reviewed in December.

Print the post  


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!
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.