Roth IRA fees
- Thread starter 1blkc5
- Start date
Yes and wow yes
Well, I hope you are getting some Superstar management...
That's the equivalent of paying $149.95 for a conventional oil change w/o tire rotation...
If I were you I would go and check out a good no load Mutual Fund like maybe Fidelity.
I have a Fidelity self directed Roth IRA. Total fees zero. Stock trading fees, zero.
I do not think it would be advisable to own a Roth IRA in a fee charging insurance company like Prudential.
One thing to watch out for in Fidelity is if you have a large enough account, they will assign you an account executive. This service is also free, but it is likely he will try and sell you inappropriate products like an annuity or a fee charging managed account. As with any other salesman, just say no.
I do not think it would be advisable to own a Roth IRA in a fee charging insurance company like Prudential.
One thing to watch out for in Fidelity is if you have a large enough account, they will assign you an account executive. This service is also free, but it is likely he will try and sell you inappropriate products like an annuity or a fee charging managed account. As with any other salesman, just say no.
I said NO and they have not contacted me in many many years. I like that about a company.
You need to move those assets out of that rip off and into something like a 3 fund portfolio.
www.bogleheads.org
Three-fund portfolio - Bogleheads
They touch base once in a blue moon, but are not pushy at all.
Hermann
Site Donor 2023
My 401K at Principal averages about .4% overall.
Last edited:
Well your first mistake was going to an insurance company to try to make money....
You might want to carefully check withdrawal fees and annual limits (free) to your new Roth IRA custodian, especially if that is an annuity.
