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About 6-7 years ago I opened a SEP-IRA through Advest with the Alliance Technology fund. Last year it lost 29% and is still going down. This year I opened a Roth IRA with Vanguard (Total Index Fund) and also transferred another Sep-IRA that I had with AmEX. It cost me a bundle ($75) to transfer about $8000 and I'm not sure I want to take that kind of hit again, but I'm also not sure that I can withstand any more loss on the Alliance either. Keep in mind that I no longer work temporarily due to various reasons and hubby makes less than $40,000 with neither one of us having a pension plan except for a very small 401K plan he now has at his 4 person office. He also has a 401K that got rolled over from his previous job. He will be 50 and I will be 49 this year and we have a daughter going off to college in the fall as well. I am getting really nervous about this and I guess I'm just wondering if I should ride it out or bite the bullet and transfer it while there still is some earnings left. Any thoughts or help on this?
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