I have a Conduit IRA that was created from my old company’s stock and 401k roll over after they changed 401k companies. I no longer work there, so the account is only making dividends but It’s also paying $18 a year for having it open. The car loan was a small one and we got it to build credit but we have established good enough credit that we no longer need it and looking to just pay them off. I want to kill two birds with one stone and get rid of this IRA the best way possible. I tried doing a rollover to my mine TRADITIONAL IRA but I have encountered so many problems with this Company I don’t know if it’s worth keeping it open.
