Hello again.I'm back with another question regardingsetting up a retirement plan for my one-personS-corp.Since I'm leaning towards the profit-sharingor money-purchase plan, there is going tobe up to $30,000 invested each year. ApparentlyI have the option of putting it in a straightmutual-fund plan (some up-front load), orinto a plan that allows me to buy stocks.The catch? The stock variety will cost 1% ofassets up to the first $250,000 in the plan!If I go beyond that amount, it falls to a fixedfee.This seems high to me. Even in the first year,I will probably be trying to reach at least a20K investment, and will therefore have to putin at least an extra $200 to pay this fee. Thisis on top of the standard trading commissions that the brokerage house charges. As the balancein the account increases year over year, thefees sound outrageous! It could reach $500 in the second year itself, if things go well.It's being described as an "advisory" fee, but I plan to do my own research, so I'm not really going to be relying on their "advice".Is this a normal amount to pay? Do banks set up thissort of plan without me having to go through an intermediary and pay him/her the 1% or whatever?I don't mind paying trading commissions (well, Ido, but there are not many ways to totally eliminatethem), but these extra fees just sound like paddingto me.Comments? Advice? All cheerfully welcomed.Thanks,Beonice
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