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Custodial fees

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Custodial fees
Fees charged by an institution that holds securities in safekeeping for an investor.


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They will use it only for football and occasional district events, and pay maintenance and custodial fees on those occasions.
The $8,000 in her IRA is invested in a blue-chip fund; she should roll over that money into a Fidelity IRA account to eliminate paying custodial fees.
Having custodial fees deducted from an IRA each year significantly reduces the account's long-term value.
 
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