Hi
I was wondering if anyone can shed some light on how fees are calculated for Roth IRA. My wife has a Roth with American Funds and the expense ratios seem quite high. Here are the funds and expense ratios:
American Funds U.S. Government Money Market Fund 0.38%
Class C Shares
AMCAP Fund 1.48%
American Balanced Fund 1.38%
Capital Income Builder 1.38%
Capital World Growth and Income Fund 1.57%
Fundamental Investors 1.40%
The Income Fund of America 1.35%
The balance is $21,000. Am I getting screwed? Are there too many funds? Our broker says he doesn't look at fees, he looks at returns. The returns are decent but the expense ratios seem really high.