No. of Recommendations: 0
Yes, your broker is fishing to collect another round of commissions (or loads) on the funds he has already invested for you.

First, you need to find out if you have mutual funds or variable annuities in your Roth. If annuities you can also be on tap for hefty surrender charges if you move your funds before that provision expires.

If you have mutual funds, consider transfering the Roth to a mutual fund company like Vanguard or Fidelity. Then pick from their no load mutual funds.

You can check out the funds you are offered on S&P 500 Index funds (like VFINX ticker) or total market funds (or VTI) are good reference points. Look at loads, expense ratios, and especially performance numbers. VFINX is very low expense ratio. Make sure you get better performance if you choose any more costly fund.

If your Roth is an annuity, you can use a 1035 transfer to move it tax free. Again check out the low cost annuities from Vanguard and Fidelity.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.