What to do with an Express IRA from H&R Block

This is pretty sound advice from Marketwatch:

You might want to wait and see, according to Sarah Ludwig, director of the Neighborhood Economic Development Advocacy Project, a New York-based nonprofit working for fair financial-services access for low-income residents.

"Hopefully, there will be full restitution through the lawsuit, and hopefully people who have one of these will get compensated for the financial harm this has caused them. If you have one of these right now, pay attention to what's happening in the lawsuit," she said.

They also name the two people in the complaint that Spitzer is filing the lawsuit on behalf of:

Spitzer's statement offered examples of two New York state residents: A 32-year-old Albany resident with taxable income of $17,847 made a one-time contribution of $300 to an Express IRA in 2002. Over four years, the investment earned $10.29 in interest while incurring $45 in fees.

A 68-year-old Brooklyn resident with taxable income of $25,421 made a one-time contribution of $300 to an Express IRA in 2004. The consumer paid a $15 account opening fee, a $10 account maintenance fee, and a $25 closing fee when the account was closed after 18 months. The account earned $5.18 in interest.