No. of Recommendations: 0
I'm thinking of transferring my ROTH IRA that I set up two years ago with LPL to CSFB. The fund consists of stock not mutual funds and two years ago the investment limit was $2000 per year. I don't know what it is now.

My concern is this, when I spoke to the LPL rep they said I have to pay them $35 maintenance fee again (I just paid it last month!) plus a $50 termination fee. This is nuts considering I was only allowed to invest $2000 in the first place. Is there any legislation on excessive fees yet?

Also, since I just want the stock transferred to a CSFB Roth, there shouldn't be any tax implications correct?
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.