Message Font: Serif | Sans-Serif
No. of Recommendations: 0
My wife has funds in an IRA ($12k) and Money Market Acct. ($24k) with an Edward Jones person who lacks the level of integrity we want in a financial advisor.

We want to sell our stock in an American Mutual Fund (the IRA) and move all the funds to a self managed ING Sharebuilder Account we also have.


What are the circumstances where we might be exposed to paying capital gains, or losses, on this transaction?

Do we pay EJ a fee for the sale? What is the standard fee?

We know to put the IRA funds back into another IRA account.

We are also considering opening a Vanguard Index Fund account with the funds.

Your thoughts and advice are deeply appreciated.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
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.
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.