1

loses money, too small to move!

Submitted by Luke on March 24, 2008 - 12:08.

I've had a frustration about this for a few months: I have a very small standard IRA left over from a former employer. It totals a whopping $450, and is at Fidelity. It made money last year - which was wiped out by a 'service fee'. I'd like to at least fold it into another IRA I have elsewhere. But here's the catch: I have to go to a notary public to complete the paperwork on pulling it from Fidelity. The hassle and cost isn't huge, but it certainly wipes out any savings I'd make from moving it. Yet that fee continues to irk me...

Suggestions? Leave it and watch it get whittled away? Or spend more time/energy/money than is worth it for such a small amount?

Thanks!

Reply

Please keep the comments civil and on-topic. Abusive or inappropriate comments will be removed without warning. By posting here you agree to our terms of use.

The content of this field is kept private and will not be shown publicly.
If you leave a link (include the http:// part), your name will be linked to your homepage.

You may use some HTML for formatting: <strong>bold text</strong>, <em>italics</em>, and <a href="">for links</a>. Empty lines are automatically converted to paragraph breaks.

Or click the link above that says 'enable rich-text' to use the fancy editor.

Captcha
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
9 + 0 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.

Finance Blogs - Blog Top Sites