Skip to main content
No. of Recommendations: 0
....then transfer the funds....

Lots of companies now charge a transfer fee of $50 or more to close an IRA and transfer it to another company. It might just be best to pick who you want be with long term even if there are a few fees the first couple of years. Some of the companies may also look at other accounts that you have with them so if you have your emergency fund in a money market account at the same place, you may be able to avoid some fees.

I have also heard some grumbling about Vanguards customer service having gone downhill and when I was trying to open an account with them I had a question about how to endorse a check I had received that was made out to me(not a third party check). After talking with a supervisor, the best answer that I could get was to just send them the check and if their processing department didn't like how I had endorsed it, they would just mail it back to me. (What would I do with a check endorsed to Vanguard?) Thanks, but no thanks; I opened an account with Fidelity with that check.

Greg
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.