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- Posts: 88
- Joined: Sat Oct 27, 2012 10:08 pm
I recently moved my roth ira from etrade to vanguard and noticed that after the money was moved, I had a zero balance for a few days, and now there are a few cents in my old Roth. I received what must have been a distribution from a sweep fund. Do I just leave it there at Etrade? Will they charge me a low balance fee and leave me with a negative balance?
- Posts: 5139
- Joined: Sun Mar 09, 2008 6:32 am
- Location: SoCal
I would call ETrade and ask them your questions. If they were supposed to move the entire IRA, this left-over dividends should have gone with it (although they hadn't yet received it from the stock company).
I converted an entire traditional IRA to a Roth at ETrade at the end of a year. The balance was 0 on Dec 31. A few days later, I had a couple of dollars in the account. Moving that to the Roth soon after was a conversion for the next year.
A dollar in Roth is worth more than a dollar in a taxable account. A dollar in taxable is worth more than a dollar in a tax-deferred account.
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- Joined: Tue Aug 02, 2011 5:23 pm
- Location: East of the Pecos, West of the Mississippi
I have moved investments, both as liquidated cash and as actual shares, from one brokerage to another several times. There were always a few "crumbs" that showed up days later and they were always (eventually) moved as well with no extra action on my part.
I have a strong moral sense - by my standards. | -- Rex Stout
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