UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Answer Team Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 81636  
Subject: Re: Whos responsible: Me, Waterhouse, or Vangua Date: 11/5/1999 9:05 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I certainly think your message should sound a warning for those who own mutual funds in self directed IRA accounts with brokerage firms. When you buy stocks in these accounts, I have never encountered any limit on what I can own. It is clear that the fees structure there is very standardized.

With mutual funds there are often problems. I suspect this means that the fee structures are negotiated between your broker and each mutual fund company. They prefer to liquidate shares rather than transfer them just to make sure what is in your account is within their contracts. Clearly it is very complicated.

So if your IRA account contains mutual fund shares, make sure you ask the receiving broker what happens--and maybe even get it in writing--before you attempt a transfer. Otherwise, you risk unexpected, hidden costs or at least frustrations getting it right.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.