Paying IRA Investment Management Fees
New tax law brings big changes. But there are workarounds.
Are the money-management fees I pay for my IRA still tax-deductible under the new tax law? - G.R., Darien, Conn.
Investment management fees are no longer tax-deductible under the new law. But there is still a tax-advantaged way to pay these expenses: You can take money from your IRA to pay the fees without incurring taxes or early-withdrawal penalties. This can be a good strategy for a traditional IRA, but it doesn’t provide any extra break for a Roth IRA.
