My company was acquired and I need to move 401K funds either to a self-directed IRA or to the new company's 401K plan. How can I compare the fees associated with these...the broker on the self-directed IRA has quoted asset management fees of .94% to 1.29% plus a 1% wrap. I want to obviously keep as much of my money as I can.
Your new company's benefits director should be able to give you the details of the new company's 401(k) plan, including what the fees and annual expenses are. I don't have high hopes.If you decide to "roll over" your existing 401(k) funds to a self-directed IRA, you are not required to go with that particular broker. In fact, you can open your IRA at any broker or mutual fund company. There are plenty of them with lower fees than this other broker wants to charge you.I recommend Vanguard. They have quite a good selection of funds, including some very well run index funds. And all of their fees are low, as long as you have at least $5000 per fund.
I recommend Vanguard. They have quite a good selection of funds, including some very well run index funds. And all of their fees are low, as long as you have at least $5000 per fund.I second that!!RK
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings