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Thanks for such a quick reply, the.

Over at I noticed that the fee schedule appears to be more like $20/year at first. Correct me if I'm wrong, but there is a custodial fee of $10 charged on the account until it reaches $5000, and then a fund fee of $10 until the account reaches $10,000. The reason I think I may be reading this wrong, is that the discussion here on this board earlier was whether they charged until 5,000 or 10,000, when the answer appears to be both.
I quote from the Vanguard site:

IRA Custodial Fees
Vanguard assesses a $10 custodial fee each year—in addition to any fund-specific fees—for any Vanguard IRA mutual fund account with less than $5,000. However, if you maintain a total Vanguard mutual fund balance of $50,000 or more, custodial fees are waived. Assets in a Vanguard Variable Annuity Plan will count toward this $50,000, but not assets in an employer-sponsored retirement plan or a Vanguard Brokerage Services (VBS) account. Please note: custodial fees are assessed in either June or December, depending on when your account was opened.

--end quote

That alone sounds kind of double-speaky to me. They charge for funds up to $5,000....but if you have more than $50,000 the fee is waived? Shouldn't it have been waived $45,000 dollars back?
I assume that it means that if you have a total of $50,000 in any number of Vanguard accounts, any accounts with less than $5,000 aren't charged.

Then it asks you to pick your fund and it says this:

Vanguard 500 Index Fund Investor Shares
Shareholders are charged an annual $10 account maintenance fee, which is paid directly to the fund. This fee is waived for accounts with balances of $10,000 or more.

--end quote

So you have to get to $10,000 before this one goes away. And what does that bit "which is paid directly to the fund" mean? It's a Vanguard fund, so it's paid to the same place as the custodial fee, no?

So what if I opened a Datek account (the 10 free trades type deals usually don't apply to IRAs) and paid 10 bucks a year (buying $2000 worth of Spyders every year), then when the account clears the $10,000 mark moving it over to Vanguard....would they charge me anything for that?
One thing I know is that Vanguard doesn't require that your fees come out of the account, i.e. you can pay for them separately, so they don't reduce the amount invested. I can't figure out from Datek whether they allow for that or not.

now my brain hurts....I guess that's what I get for putting this off until April 9th.

If anyone actually read this far, thanks.
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