Author Topic: Roth IRA fees American Funds  (Read 1352 times)

stevesue32

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Roth IRA fees American Funds
« 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.

Cwadda

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Re: Roth IRA fees American Funds
« Reply #1 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!