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>>Hmm, I don't think you have that quite right, and it looks like it might be even worse than you suspect. From my interpretation of their terms (excerpt below)...

There's the "account maintenance fee" you're talking about, which as I read it is $10/year until you have over $10,000, regardless of number of funds.

Then the "IRA Custodial Fee" which is per IRA fund less than $5000, not per account.

So, overall, it would be:

Account Management: $30
IRA Custodial: $150 (by the time you get $5000 in each fund)
Total: $180

Interesting. Well, I would take what is in print over what customer no-service person says on the phone. Does not seem like Vanguard is too keen on having people open new Roths with them when it takes a couple of years for the earnings to outpace the fees.

I will take a look at Scottrade tonight.

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