Not co-mingling converted Roth IRA with new Roth IRA?

From: "Rao, Bharat" <bharat@scr.siemens.com>
Subject: Not co-mingling converted Roth IRA with new Roth IRA?
Date: Mon, 18 May 1998 10:07:44 -0400

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I opened a traditional (non-deductible) IRA for 1997 for myself and
my wife in April 1998, and recently converted it into a Roth IRA. (I
have no other IRA's before this.)  I now plan to contribute every year 
into Roth IRA's.

I was simply planning to add to this existing (converted) account,
but was advised by the Vanguard rep to avoid co-mingling IRA's.
Why is this?

Second, given that Vanguard charges a $10 maintenance fee for
IRA accounts under $5K, these accounts will effectively pay a 1/2 %
fee every year -- I would at least like to bring them up to 5K before
I open up a new IRA.

Thanks for any suggestions,

Bharat
R. Bharat Rao             E-mail: bharat@scr.siemens.com 
Adaptive Information & Signal Processing, Siemens Corporate Research
US Mail: 755 College Road East, Princeton, NJ 08540
Phones: (609)734-6531(O) (609)734-6565(F) 




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