No. of Recommendations: 0
Our advisor convinced us to invest in American Funds Small Cap. That is costing us the max, 5.75%.

Dump that advisor!!! Please don't listen to that sort of crook again, and your retirement will be far more secure. As for the IRA, I hope you'll eventually look into a self-directed IRA picking your own stocks through a discount broker. For now, it would be prudent to move your money to Vanguard's Index 500, where you can earn a reasonable return with low fees as you educate yourself about investing.
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