Ask The Expert: Investments

Q:
Asked by Lori 3/28/14

I am currently working with an investment company to open a Roth IRA. The funds being recommended each have a load fee of 5.75%. I’m very new to this, but that seems high to me. Is this the average?

A:
Answered by The Editor 3/28/14
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469 out of 469 people found this useful.

You are correct. These are very high loads (fees) for an average investment fund. For example, E*Trade offers 1,300 funds with no fees and no loads. Vanguard is also known for offering very low cost funds. You might want to do some more shopping.

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