No. of Recommendations: 1

I opened a Roth IRA several years ago, contributed for two years and then was shut out due to IRS limitations related to household income.

For all intents and purposes, this account just sits there with a mix of stock holdings and very little cash in it. I can't add any money to the account, so my only option for paying any related account fees is to sell some of the stock within the account.

This week I find out that the brokerage wants a $25 annual account fee, so this might be a good time to transfer this account elsewhere.

Since I don't expect to be doing any active trading for awhile, I was thinking of transferring this account to one of the banks where I have my checking or HELOC, where I am likely to get a reduced or waived account fee - granted the $25 account charge from the brokerage is nominal, but I was just trying to consider the best strategy for parking a dead account.

Thanks, MG
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