Skip to main content
No. of Recommendations: 0
I have a 403b with Merrill Lynch (a 401k for non profits). Merrill Lynch offers a fairly expensive choice of mutual fund investments- most of which have a 5%PLUS load or hefty management fees on what they call "C" funds. Additionally each investment I make is charged a $5.35 "processing fee". Funds without loads are not available- unless you sign up for a plan giving you access to a few with a 2% management fee to Merrill . So they are in business to make a profit. I,personally, am trying to save for retirement.

Problem is this: Fidelity, Vanguard etc do not administer 403bs. But they will accept a "Transfer of Assets" from Merrill Lynch. I just plan to transfer assets from the account (nearly $50,000) to fund families like Fidelity and TRowePrice which have no load funds with reasonable fees. Does this make sense to anyone, everyone?

Should I just continually
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.