SaraW946

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SaraW946 replied to the Retirement Investing board. 8:08 PM

Re: Retirement planning

My best bet then would be to keep the IRA with Fidelity out of convenience and flexibility. I would definitely like to replace the Franklin Rising Dividend fund with Vanguard's Dividend one. The equivalent Fidelity is not that great. I still need to [more]

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SaraW946 replied to the Retirement Investing board. 4:03 PM

Re: Retirement planning

I'm really grateful to you guys for your help! :) I am responding to a few comments:

1) State of Illinois retirement plan: yes, I know Illinois and California are the worst in the country. When I moved to Illinois about 5 years ago, there [more]

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SaraW946 replied to the Retirement Investing board. 3:04 PM

Re: Retirement planning

Yes, I agree with the initial passive approach. My problem was that I allowed a financial advisor, recommended by good friends, to manage my IRA, but I learned my lesson. I do have stocks and they are doing well, but I am more of a conservative [more]

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SaraW946 replied to the Retirement Investing board. 2:42 PM

Re: Retirement planning

Thanks again. :) I actually max the Traditional IRA but unfortunately cannot do the same with the 403b. I created the brokerage account in order to invest a chunk of my savings in various stages of my life, i.e. when I moved here and brought my [more]

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SaraW946 replied to the Retirement Investing board. 1:11 PM

Re: Retirement planning

Many thanks to all of you who offered advice. :) I don't have a broker but manage all my funds through Fidelity, so I suppose the $75 fee is charged by Fidelity?

If I open a Vanguard account, could I transfer my Vanguard investments without [more]

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SaraW946 posted to the Retirement Investing board. 11:48 AM

Retirement planning

I'm afraid this is going to be a long post, but I have several questions on retirement planning for which I would very much appreciate your input. In the end, of course, I am responsible for making a decision and buying whatever funds I choose, so I [more]

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SaraW946 replied to the Retirement Investing board. 6:05 AM

Re: Broker issue

I'm not discussing revenge here. I posed a number of questions about the situation and am only interested in the partial or full recovery of the exorbitant fees I paid.

I will update this thread if there is any change. Thanks again for all [more]

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SaraW946 replied to the Retirement Investing board. 6:47 PM

Re: Broker issue

Wonderful, thanks for the info. Yes, I know I won't recover money due to market fluctuations, but I am concerned about the fees and the fact she appears to have taken two thirds of my gains. I am very sure that she did not disclose to me any fees [more]

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SaraW946 replied to the Retirement Investing board. 3:56 PM

Re: Broker issue

True, however, I am a foreigner, starting a pension fund in a foreign country. Trust me, I could research Europe in a heartbeat. At the time, I didn't know better and trusted a friend. However, if there is a way to do something about this broker, I'd [more]

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SaraW946 replied to the Retirement Investing board. 2:51 PM

Re: Broker issue

Thanks for your input, intercst. I'll check all the literature and other communications I received from the broker. The problem is that she never sent a detailed list of all fees involved, just told me of the minimal yearly fee of the unnamed [more]

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SaraW946 replied to the Retirement Investing board. 2:34 PM

Re: Broker issue

Thanks for your reply, Gene. I'm afraid I need to explain it again: :)

I didn't lose $200. I lost a lot more. This was my IRA account. The moment she opened it I was losing 4% in hidden fees. Then there were the hidden fees of the gains [more]

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SaraW946 replied to the Retirement Investing board. 1:22 PM

Re: Broker issue

Thanks for your reply. :)

I do not intend to badmouth her online because she'll sue me for defamation. However, I do have the right to file a complaint with FINRA that will stay on her record as a warning to others. However, if she has been [more]

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SaraW946 posted to the Retirement Investing board. 1:04 PM

Broker issue

About a year ago I decided to open supplemental retirement plans in the US since I now live here. On the advice of a couple of friends, I opened a Traditional IRA account with a broker/financial advisor who works for a big investment firm that shall [more]