The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: ShareBuilder IRA Fees||Date: 2/19/2008 11:09 AM|
|Author: dougdoogle||Number: 61505 of 76421|
As per the IRA Center of Fool.com, Sharebuilder does not charge a
maintenance fee or an inactivity fees. However, I recieved an invoice
from SB charging me a $25 fee for "annual administration." The IRA
Center gave me the impression that a Roth with Sharebuilder would cost
me nothing except trade commissions. I am just wondering if I am
missing something here. This is the IRA Center
http://www.fool.com/ira/tables/compare.htm?ref=ib and below is the
email from SB. I'm not interested in spending $12 per month on services I don't need
so I can have the fee waived.
At the bottom of the Fool IRA broker table, just above the fine print, there's the "Fool Disclosure". It reveals that the 4 brokers in the table pay MF for the privilege of being listed. If the table were a complete, unbiased comparison of brokers, it would be far larger. The disclosure encourages users, as always, to do their own due diligence. You were not the first beginner to be confused.
Which Roth IRA custodian do you guys recommend?
Scottrade and Tradeking do not charge inactivity, maintenance, annual administration, or trash pickup fees.
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