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Started By
Message
Should I keep this IRA?
Posted on 9/8/18 at 7:10 pm
Posted on 9/8/18 at 7:10 pm
Found out last year that I had about $1700 in an account at Raymond James. It’s in a simple IRA. Figured I would leave it there. I told my agent to put it in a very aggressive portfolio. (Not gonna break me if I lose it)
It is currently in GWPAX. Year to date it has gained 7.21%.
Is this good for this past year?
Any suggestions on a place to move it to that may be higher yield?
It is currently in GWPAX. Year to date it has gained 7.21%.
Is this good for this past year?
Any suggestions on a place to move it to that may be higher yield?
4
Posted on 9/8/18 at 7:16 pm to Badman
You can transfer it to a traditional but there is a time condition so check it out before you transfer
Posted on 9/8/18 at 11:35 pm to Badman
You can consolidate multiple IRA's into a single account.
Posted on 9/8/18 at 11:52 pm to Badman
Tell your agent to buy coke and hookers with it
Posted on 9/9/18 at 6:03 pm to Badman
GWPAX
Looks like this fund isn’t too good and it’s an A-share so you pay/paid an upfront sales charge.
If you’re attempting to put it all on red pick an individual stock or an etf.
Small account may have a custodial fee too. Make sure you aren’t paying $50/yr. just to hold it there.
As to the other posters point, if you’ve had the account less than 2 years, it’s a 25% penalty if you move it to anything besides another SIMPLE IRA.
Good luck!
Looks like this fund isn’t too good and it’s an A-share so you pay/paid an upfront sales charge.
If you’re attempting to put it all on red pick an individual stock or an etf.
Small account may have a custodial fee too. Make sure you aren’t paying $50/yr. just to hold it there.
As to the other posters point, if you’ve had the account less than 2 years, it’s a 25% penalty if you move it to anything besides another SIMPLE IRA.
Good luck!
Posted on 9/9/18 at 10:59 pm to UpstairsComputer
Thanks for the reply’s
So I understand that I can move it, without penalty, to my regular IRA.
Can I move it to a REIT?
So I understand that I can move it, without penalty, to my regular IRA.
Can I move it to a REIT?
Posted on 9/9/18 at 11:23 pm to Badman
Whatever your Ira allows.
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