No. of Recommendations: 1
Greetings Rebecca,

I'm doing some research because I'd like to open an IRA by the end of this year. I will probably only have about $500 so I have to choose a company with a $500 or less minimum.

I'd suggest TIAA-CREF(www.tiaa-cref.com) as one fund company that has minimums that low.

My question is this: What should I expect my fees to be on a very small IRA?

You should be able to find funds with expense ratios below .5% I think.

As it grows?

I'd suspect it may go down if there are low-balance or account maintainence fees that say Vanguard does have.

Is 1% (net expenses) good, bad, average, high, low?

Depends ALOT on the type of fund. Is it an index fund or is it actively managed? Load or no-load? Stock or Bond? US or foreign? Large-cap or small-cap? etc.

Regards,
JB
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