Skip to main content
No. of Recommendations: 1
I once had an IRA with American Express. Luckily, I escaped after becoming educated to the fact that noload funds can be better for me than the Front end & back end loaded AmEx IDS fund. The thing that provided the impetus for me was the hard, hard sell they put on to get me to buy a variable annuity from them inside my IRA.

The only people whose interest they serve is American Express and the self interest of the sales person. They are not serving your best interest.

The experience cost me some load fees but I consider myself lucky to have gotten away cheap.

Dan
Print the post  

Announcements

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.