Yes, there are fees associated with maintaining your Prosper IRA account. However, with the minimum investment of $5000, Prosper will pay for the first year’s service fee. Prosper will continue to pay the annual IRA service fee on your behalf each year if you reach and maintain a greater than $10,000 invested balance in the second year and beyond. If you begin with a $10,000 or greater transfer, your IRA fees will be paid each year that your balance is greater than $10,000.
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