Reported about 1 month ago
In a recent inquiry, a 66-year-old individual questioned whether paying $136 monthly in fees—50% of their $272 IRA contribution—is excessive. The advisor outlines that such fees can be standard for managed accounts, typically around 1.35% of assets, though it’s crucial to evaluate the services provided against the costs. Direct communication with the advisor is recommended to ascertain the value received for the fee, ensuring it aligns with the individual's financial needs.
Source: YAHOO