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Traditional IRA who to invest with

Rwc

Rwc

I've had a IRA with pru for the last 12 years or so and have finally decided to part ways as it seems my money was not in their best interest. Now I'm not sure if I should look toward a finacial planner or just go to a box store investor like schwab, Ed jones. I looked into TD bank but wasn't sure. I know nothing about investing and don't really care to take it up as a hobby and would rather leave it to the professionals. I also have my state pension ,Roth IRA ,and an account with AXA equitable ,I'm not sure if I should consider consolidating? Any input from the money gurus in the house would be appreciated or experiences with your investors thanks
Ron
 
A

Alcohol120

firms that don't have investment banking branches would be better aligned with your interests. i dont really have any recommendations though sorry
 
H

horseplay

NJRC Member
I would go with either Vanguard or Fidelity (not affiliated with either). Decide on your investment horizon and pick a age-targeted fund (which are usually composed of indexed funds). Usually the age-targeted funds are a little more expensive but save you the trouble for re-balancing. Pay attention to expense ratio when shopping.

Try to keep all the money in one firm. Once you reach a certain amount there is reduced fees and etc ...
 
spotter

spotter

Ron, I've been an advisor for over 15 yrs now and over that time I've worked for fidelity investments, royal bank of Canada and currently at Morgan Stanley. Markets aren't what they used to be and require a good strategy on getting into the market but also how to get out if things get bad. I would suggest calling one of the big discount brokers (fidelity, Schwab or vanguard) and depending on where you live there could be a fidelity or Schwab office near by. Sit done with one of their reps, bring all of your statements and let them help devise a plan for you. There are many avenues and investment options available for you depending on your age, risk tolerance, level of involvement you want to have in the decision making process....and so on.

If you have additional questions feel free to pm me.

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JRWOHLER

JRWOHLER

spotter said:
Ron, I've been an advisor for over 15 yrs now and over that time I've worked for fidelity investments, royal bank of Canada and currently at Morgan Stanley. Markets aren't what they used to be and require a good strategy on getting into the market but also how to get out if things get bad. I would suggest calling one of the big discount brokers (fidelity, Schwab or vanguard) and depending on where you live there could be a fidelity or Schwab office near by. Sit done with one of their reps, bring all of your statements and let them help devise a plan for you. There are many avenues and investment options available for you depending on your age, risk tolerance, level of involvement you want to have in the decision making process....and so on.

If you have additional questions feel free to pm me.

Sent from my iPhone using Tapatalk 2
Click to expand...

That is all good advice, just my two cents the Fidelity target funds are sort of crummy I have my 401K(am happy overall) with them and with little effort you can pick better funds. Their website is intuitive when it comes to your risk profile and investing strategy, so don't let them stick you in one for you automatically when you sit down with them or whoever you happen to sit with. I would open the account and then review your investement options on your own before sticking the money in each the actual funds. I don't know all the websites but Fidelity for instance will show you the risk profile, returns, Morningstar ratings etc and I am sure all the others are similar in this day and age.
 
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