The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/mkraft-asked-ltltdo-brokerage-fees-for-11126596.aspx

Subject:  Re: Brokerage fees in IRA account Date:  8/6/1999  2:38 PM
Author:  DownwardSpiral Number:  12902 of 74759

mkraft asked:
<<Do brokerage fees for transactions in an IRA account *have* to be paid from the IRA assets?>>

Yes!

One [kind of] exception: If you have an annual accont maintenance fee, you can choose to pay that with funds from outside the IRA.

A technique that I have used is to make a small contribution for this tax year to cover a purchase that I want to make. Typically I [unFoolishly} make my IRA contributions near tax time for the preceding year. This was the norm when I was on the "borderline" in AGI for a deductible IRA, and I wanted to see where my income was before I committed the funds.

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us