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Financial Products & Services / Foliofn
|Subject: Re: New Fees Beginning 11/1/03||Date: 9/26/2003 2:54 PM|
|Author: goodald||Number: 55 of 69|
hmm.. 4 trades a quarter or an inactivity fee of $15...
4 trades = 16 bucks... so may as well make the trades if i stay with fn..
16 x 4 = 64 + 25 anuual ira fee..
$89 annual fee (not including hidden fees that I believe are worked into the accounts)
annual investment required to make this fee = 2% of expenses $4450
Maxmimum contribution to a roth IRA = $3000
$89 dollars of expenses = 3% of $3000
now a jump from 2-3 doesn't look too bad.. but when i contributed bi monthly last year my expenses were around 1%... tripling my expenses is starting to look pretty bad..
i was a big advocate for this service in the past.. sorry....
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