Regal 56:

.......T. Rowe Price does notify investors of this fee, though not in a way that I find sufficiently transparent and understandable..........

Howdy Regal,

I have to take issue with this just a tad.  The IRA disclosure (you know the document that one must state they read prior to opening an account) clearly states the existence of this fee.  It is completely transparent and totally understandable.  They even use a strange concept of a Table of Contents with one of the sections labeled "FEES", where this info could be found for anyone who desires to learn about such things.

I could cut and paste it here, but it may be good for some folks to go looking for it :o)

I mean c'mon, fees are one thing that all investors should be looking for in regard to any investment one is considering.  There are a few documents to find this stuff and table of contents make it easy.  Ofcourse, everyone is not going to sit down and read all this stuff, but atleast look for the fee info and dont cry foul after the fact.

I agree with other poster, I would make that phone call again and confirm.  You can always start consolidated to avoid fees and branch out when you gain assets.

Dont forget that $10 is 1% on a $1k balance.  That is $10 that is not going to compound for you over your loooooong time horizon.

These fees can also be prepaid with outside money so one does not "lose" tax deferred space to fees. 

Good luck to everyone, especially our young new investor!  Your gonna do fine, just keep yearning and learning, and reading the fine print!

Lorna, Pecan Sandies please, or am I exempt?  I will also need some Happy Cafe for dunking, Hetty!

Git-R-Done! 

Brian