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Subject:  Re: Roth IRA acct and safekeeping fees Date:  9/28/2013  1:14 AM
Author:  pauleckler Number:  73358 of 88498

Many custodians have an annual maintenance fee, often $40 or so per year, for small IRA and Roth IRA accounts. Perhaps not all, but it is something to look into when deciding.

There is a Discount Broker discussion board where the fees and features of various brokers are discussed.

A mutual fund account can be your low cost option if you plan to invest in mutual funds. And both Fidelity and Vanguard have stock broker divisions, making it easy to move into stocks and ETFs if you want to later. But note that brokers often charge fees for mutual fund transactions--except for a list of preferred mutual funds, which are free of transaction fees. This list can be important if you plan to own mutual funds in your brokerage account.
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