R
Royal Mike
Guest
I'm about to rollover my 401k to an IRA. It's worth about $19,000.
The investment firm charges an Annual Account Fee of:
"1% of Market Value plus $25/year administrative fee"
In addition, I will be charged:
"investment management fees and expenses by the mutual funds in which the IRA account assets are invested."
Does that mean I'd be paying $190+$25 per year (and more later as the account grows, obviously), and additional fees for the mutual funds?
That seems very high to me. Is this reasonable, or just a rip-off?
What are typical IRA annual fees?
The investment firm charges an Annual Account Fee of:
"1% of Market Value plus $25/year administrative fee"
In addition, I will be charged:
"investment management fees and expenses by the mutual funds in which the IRA account assets are invested."
Does that mean I'd be paying $190+$25 per year (and more later as the account grows, obviously), and additional fees for the mutual funds?
That seems very high to me. Is this reasonable, or just a rip-off?
What are typical IRA annual fees?