The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/gt-i-phoned-one-fund-and-was-told-that-if-i-gt-11871366.aspx

Subject:  Re: Exchange a Roth IRA for Another? Date:  1/25/2000  11:14 PM
Author:  adamw13 Number:  18231 of 75375

> I phoned one fund and was told that if I
> transferred funds within the same family
> of funds, the same
> broker would still continue to receive
> commissions. I feel the only way to get
> out from under him (so to
> speak) is to flat out sell both, pay my
> penalties and learn from the experience.

I'm not the most knowledgable around, but can't you transfer the whole fund to another brokerage (Datek, for example, will do it free of charge) ... then liquidate the fund, and buy something else. The only penalty you'll pay is commission on the buying and selling of what you exchange. I've thought of doing the same thing because I'm sick of being in managed funds entirely.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us