<prompt> Human: Im sorry if this a dumb question, but I opened and contributed 5,500 to my Trad IRA last year and the fees associated with the account still havent been taken out. I invest 100 in a target fund date with a .18 expense ratio. I assumed they would take the fees out at year end, or is it 1 year after the fund was opened?  <response>: Expense ratios are taken constantly out of the balancereturns of the fund. Youll never see the expense ratio as a line item expense. 