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General Discussion => Welcome and General Discussion => Topic started by: stevesue32 on July 20, 2016, 10:27:18 AM

Title: Roth IRA fees American Funds
Post by: stevesue32 on July 20, 2016, 10:27:18 AM
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.
Title: Re: Roth IRA fees American Funds
Post by: Cwadda on July 20, 2016, 11:02:34 AM
Duplicate topic. Folks have already started answering here: http://forum.mrmoneymustache.com/welcome-to-the-forum/roth-ira-fees-american-funds-58965/

Have a great day!