ShareBuilder IRA FeesHello all, As per the IRA Center of Fool.com, Sharebuilder does not charge amaintenance fee or an inactivity fees. However, I recieved an invoicefrom SB charging me a $25 fee for "annual administration." The IRACenter gave me the impression that a Roth with Sharebuilder would costme nothing except trade commissions. I am just wondering if I ammissing something here. This is the IRA Centerhttp://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.Which Roth IRA custodian do you guys recommend?Thank you all in advance.Dear X,Time is running out to have the annual administration fee on yourShareBuilder Roth IRA waived.Earlier this month, we sent an invoice for the annual administration feefor your ShareBuilder Roth IRA. The administration fee covers the recordkeeping and fiduciary costs associated with your Roth IRA. Please notethat this fee is waived for our Roth IRA customers that have an accountsubscribed to the ShareBuilder Standard or Advantage Pricing Programs*no later than two (2) business days prior to the due date. To avoidhaving to pay this fee, click here to upgrade one of your accounts toStandard or Advantage.Due Date:01/25/2008Name:XAccount Number:XAccount Type:Roth IRAShareBuilder Annual Administration Fees:IRA and Roth IRA $25Within the next week, you need to take action and initiate payment ofthe fee.1. Pay by Automatic Debit: This is the fastest and easiest option.You can authorize a recurring annual debit from your checking or savingsaccount. Simply log on to your account, select your Roth IRA, click onthe Roth IRA Information tab, scroll to the bottom of this screen, andclick on the Pay Administration Fee link. The actual debit will berequested on 01/24/2008. If you pay the fee by this method, it will notapply towards your annual contribution.2. Pay by Credit Card: ShareBuilder must receive your credit cardpayment by 01/25/2008. ShareBuilder will not store your credit cardinformation. Simply log on to your account, select your Roth IRA, clickon the Roth IRA Information tab, scroll to the bottom of this screen,and click on the Pay Administration Fee link. If you pay the fee by thismethod, it will not apply towards your annual contribution.3. Pay by Check: Mail your check to ShareBuilder. Your name andaddress information must be imprinted on your check. ShareBuilder mustreceive the check by 01/25/2008. Simply log on to your account, selectyour Roth IRA, click on the Roth IRA Information tab, scroll to thebottom of this screen, and click on the Pay Administration Fee link. Ifyou pay the fee by this method, it will not apply towards your annualcontribution.4. Pay by Assets: The fee will be deducted from the assets in youraccount after the due date. We will deduct the fee from your availableMoney Market Cash Balance first, and then liquidate investmentposition(s) up to the remaining amount owed. Simply log on to youraccount, select your Roth IRA, click on the Roth IRA Information tab,scroll to the bottom of this screen, and click on the Pay AdministrationFee link.If you have any questions regarding this fee or your Roth IRA, pleasefeel free to contact ShareBuilder Customer Care at 1-800-SHRBLDR(1-800-747-2537). Customer Care Associates are available to assist youfrom 5am - 6pm Pacific Time, Monday - Friday. You can also email us withquestions. We appreciate your business and look forward to assistingyou.In the event that you do not select a payment method, or the automaticdebit does not succeed or your payment by check or credit card isn'treceived by 01/25/2008, we will withdraw the fee from assets in youraccount. We will deduct the fee from your money market cash balance.However, if there are not adequate funds to cover the fee, investmentposition(s) in your account will be liquidated to cover the necessarypayment. Because of IRS regulations, once a fee has been paid fromassets
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