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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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Every mutual fund family should have a "money market" or cash equivalent fund where the stock shares are sold and the results of the sale are invested in something safe -- but it still remains in the IRA, keeping the tax deferral intact. You shouldn't have to transfer your IRA to do so.

The fee charged to transfer an IRA varies from provider to provider. AmEx is one of the providers that charges an account closing fee. Check your account's terms and conditions to learn if you have a fee on your other IRA.
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