Fee Free IRAs
Thanks for visiting Ultimate Money Blog! If you’re new here, you may want to subscribe to my RSS feed. Mr. Money and I both have Roth IRAs with a brokerage account at the bank I currently work at. Since they are in mutual funds, there is an annual fee for having the accounts. Every year it’s been $15 since I’m an employee, and he’s my spouse. Imagine my surprise when this year I received the bills and they were each $40! I almost had a heart attack. I didn’t mind paying $15 a year, but $40 a year is way too much because the balances we have in those accounts doesn’t make up for it. My account has around $400 (I put $500 in about 7 years ago and left it at that). Mr. Money’s has more, which is good because he’s older. When I went to talk to the broker about it, he told me that the fee had gone up and they would try to get it waived for me. However, if I wanted to close the accounts, [...]
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