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Can I shift Roth IRA broker fees?
Can I shift Roth IRA broker fees?

Dear Liz: What can I do to stop my broker from deducting trading fees from my Roth IRA contributions, which I make monthly? Let's say I invest $420 each month, but the broker takes $7, or $84 a year. Shouldn't this be payable from a separate source so that I can invest the full contribution each year, thus reaping the eventual benefits of compounding the extra $84 sum over a long period of time? Answer: As you understand, $7 per month isn't such a small sum when you factor in how much more you'd get over time by investing that money instead of paying it to a broker. If that money remained in your account, you'd have roughly $8,500 more at the end of 30 years,...

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