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?
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.