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Hidden Fee #3 – IRA Custodial Fees

Where some discount brokers charge you to close your IRA account, others, like Zecco, Muriel Siebert and WallStreet*e, charge you to keep your IRA with them — to the tune of $30 a year. Siebert waives the fee for accounts with assets over $10,000.

Seems hardly fair, but clearly, their strategy is to seek frequent traders or those with large accounts.

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NEXT – Hidden Fee #4