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Investing/Strategies / Retirement Investing
|Subject: Re: IRA Mayhem||Date: 1/18/2008 8:40 AM|
|Author: TMFPMarti||Number: 61039 of 75839|
As a young naive, first year officer in the Navy, about 7 years ago, I got involved with a company called First Command which sold me a 30 year Roth IRA plan.
Now that I am in this long term plan of which I have paid all fees upfront should I stay in it or is it time to take more control over my retirement IRA?
My knee-jerk reaction is to get out, but before you do, what exactly did you commit to with this 30 year plan? Is it some sort of annuity, or was it just a sales pitch of "Give us $3,000 and we'll turn it into $X in 30 years"?
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