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Fees, Fees, Everywhere a Fee – How much does your brokerage account really cost?

Thursday, June 13th, 2013 and is filed under Retirement Income Annuities, Uncategorized

Brokerage fees stealing your wallet?How Much is Your Wall Street Brokerage Account Costing You? Calculating the Real Cost of Fees

When it comes to investing, you cannot control stock market ups and downs, and you can’t control what fees brokerage firms charge you.

But, you can control where you invest your funds. Not all Wall Street firms are created equal––and you can rest assured that many charge fees designed to nickel-and-dime you to death. If you voice your concerns over fees, they may claim the fees are necessary to provide you with better service, but that isn’t necessarily the case––many brokerages charge very affordable fees while providing quality service. There is also an alternative to brokerage accounts that provides relief from fees, while also helping your nest egg grow…but more about that later. Read More