Tag Archives: Wrap fees

Lewis Robinson“Wrap fees” won’t be treated as IRA or Roth IRA contributions

Lewis Robinson (Feb 08, 2011)

IRS has privately ruled that a financial institution’s “wrap fees” that are paid for separately by the institution’s clients won’t be treated as IRA or Roth-IRA contributions. The fees, which depend on the value of the clients’ assets, are overhead-type … Continue reading

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