Skip to main content
No. of Recommendations: 0
I've read/studied the 13 steps, I've gone over the Foolish portfolios, researched discount brokers, and generally spent way too much time on the Motley Fool web page when I should have been working, and now I'm ready to get Foolish.
I've got $10,000 in a traditional IRA in a mutual fund that's not performing, $ 1,500 in a Simple IRA in the same fund (I'm self-employed), and $ 4,000 in the same Simple IRA(both contributions from this year) in a different fund I'm happy with. I've filled out my application for a discount broker I like, and I'd like to convert the $ 10,000 in the traditional and $ 1,500 in the Simple to the Foolish Four.
Should I sell the mutual fund and transfer the cash to the discount broker? Or transfer the fund and have them convert it? Can I split up my Simple IRA contributions for one year, or am I going to have to give all of that to my new broker? Does it matter?
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.