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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!
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