Mutual Fund, IRA fee?

Hi. I have a Roth IRA account, which it contains mutual funds only. I would like to find out whether there will be any annual maintenance charge of these funds since it's in a Roth IRA account for retirement. What about having mutual funds in a regular investment account? How does the annual maintenance charge work? Does the fee get charged by the fund or the broker? How does all these work? Thanks

Is it possible to remove a bus stop?

There is a bus stop in front of my drive way, and I really hate it. Is it possible to get it removed or place it somewhere else? The people who stand in front of my driveway are ridiculous; eating and leave the trash in my drive way. Open my driveway gate and come in + stand under the shade to block the sun. Many many other crazy stuff, and I'm fed up. Please help.

How did you get on with this ?

Some companies have sales charges which are the broker's commissions, some are no load (no fees to buy or sell) - you have to check and see which ones yours are, besides that, there should only be a minor annual fee charged by maybe each fund or just the overall fund administrator - one charge for all your funds (probably less than $50.00/yr) call and find out

Hello,

The only way to get these answers is to ask your financial advisor. Brokers and mutual fund companies have different policies regarding these issues. This would apply to IRA accounts and regular accounts.


I hope this helps.

Michael A. Weiss, CFA
The Editor
The Mutual Fund Investor
http://www.mutualfundinvestor.net

The IRA fee, if any, is levied by the custodian of the account. If your IRA account is directly with the mutual fund company then they might levy a fee. T Rowe Price does levy $10 annually for accounts under $5000 for example. Some do and some do not. If you buy mutual funds through a broker, then it will be the broker who is your custodian and that broker will levy the fee. Again some do and some do not. If there is a fee, be sure to pay it with funds outside of the IRA accout rather than having it deducted from the account. Full service brokers normally do charge a fee of about $25 annually. That is to cover the paperwork of filing the annual reports with the IRS. Actually, it is more profit for them. Most on line brokers do not charge a fee.