Skip to main content
No. of Recommendations: 6
Just opened a Self Directed Inherited IRA account with Fidelity. The annual fee is ZERO. $8.00 if I buy a stock and $20-30 if I buy a bond. Wow that is a far cry from the $5,625.00 Goldman Sachs wanted for "managing" what will turn out to be a very simple inherited IRA account. The account now consists of 15 Laddered Corporate Bonds which I will simply let mature and then purchase stock mutual funds or individual stocks with the interest and proceeds from those bonds. Fidelity will help me figure out my MRD each year and I will simply take out that minimum amount and reinvest the rest. I have a buy and hold approach so the only hard part will be deciding which stocks or funds to choose. Thanks for all the encourgement that I received here. I now have $5,000.00 extra dollars to buy stocks with!
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!
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.