Seku Shabazz

Great Lakes Retirement Planning charges a percentage of your portfolio's value each year. The exact percentage depends on the type of account you have and how much you invest. Here's a general overview:

• 401(k) Accounts (John Hancock): Fees range from 0.15% to 0.55% depending on the amount invested.
• SIMPLE IRA Accounts (American Funds): Fees range from 0.50% to 1% depending on the amount invested.
• Traditional IRA, Roth IRA, & Other IRA Accounts:
  • American Funds: Fees range from 0.50% to 1% depending on the amount invested. Minimum to open an account is $10,000.
  • Interactive Brokers: Fees range from 0.45% to 0.85% depending on the amount invested. Minimum to open an account is $100,000.
• Taxable Investment Accounts:
  • American Funds: Fees range from 0.50% to 1% depending on the amount invested. Minimum to open an account is $10,000.
  • Interactive Brokers: Fees range from 0.45% to 0.85% depending on the amount invested. Minimum to open an account is $100,000.
• 529 College Savings Accounts (Capital Bank and Trust): 1% of the amount invested. Minimum to open an account is $10,000.

These fees are taken directly from your account by the custodian.