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Author: Hohum77 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76394  
Subject: Re: What are your thoughts? Date: 8/15/2007 2:56 PM
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You are being particularly dense. Hohum did a good analysis of the fees involved if the OP decides to continue to use Sharebuilder. I suggested a different discount broker to lower the fees. I didn't see you suggest one. It appears that you keep arguing that Hohum is incorrect for the broker in question.

IF



Thanks for the support IF!

A big part of my argument was based on the OP's choice of IRA broker. Someone else in the thread also pointed out rough Shareholder costs vs Firstrade. In a subsequent post, I did mention that the 2.5% should be viewed as a first year item, and subsequently tail downwards.

From a practical standpoint, I agree with your assessment that another discount broker (e.g. Firstrade, Scottrade, etc.) might be better options. At that decision point, the issue for the OP is- eat the $25 IRA maintenance cost for year one (and pay an out-of-pocket transfer fee), and move the money to a broker with reasonable fees for smaller IRA accounts?


Oh well, C'est la vie
Hohum
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