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URL:  http://boards.fool.com/ira-fund-fees-10296257.aspx

Subject:  I.R.A. fund fees Date:  8/27/1998  3:38 PM
Author:  prees Number:  5199 of 78166

I am a new investor. I recently rolled over a traditional I.R.A. from a credit union to a Roth I.R.A in the Pioneer Balanced Fund since I did not have much in it. My financial advisor suggested that I do this because I would earn more interest. Even though I read that no-load accounts are the way to go, the one I invested in is a Class A load account. I knew that there was a 5.75% fee for rolling over the account, but I did not realize who got this fee. I called the Pioneer Company. They explained that they received just .75% The other 5% goes to a company that my financial advisor represents. This will happen every time I make a transaction which means that amount will be taken out when I want to add to the account or take it out when I am older. I planned t