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Author: MicroDrew Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75637  
Subject: Re: Broker Fees and Roth IRAs Date: 1/15/1998 7:31 AM
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Pixy's answer:

>> You must pay those fees out of money in the account, so ensure when you trade there is sufficient
cash in the account to do so. If you buy $1.9K of Widget, then you must have at least $1,912 in the
account to support the purchase.

My question:

I have (unfortunately) found this to be true in my search of various discount brokerages, although I'm sure I've heard of brokers (possibly expensive ones) which allow trading fees to be billed separately. Is there a limitation imposed by the IRS regarding fees for IRA trades? Or are brokerages just lazy/unimaginative and choosing not to think of this as a service the customer, especially one who has a normal account in addition to an IRA, might want? Even relatively light trading would incur costs that would effectively be magnified over the years in lost gain opportunities. Either way the broker gets their commission and one would think that in this world of fierce on-line competition, any advantage would be worth the effort needed to achieve it.

Not always getting what I want,

Drew
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