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Personal Finance Topics / Retirement Investing
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Author: onepoorguy 🐝  😊 😞
Number: of 1201 
Subject: Re: Fire the Advisor with the 3% Fee?
Date: 04/25/26 2:22 AM
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No. of Recommendations: 8
1poormom participated in one of those packages with an advisor. She loved the guy, so when I took over her finances she wanted me to keep him. So I did, but I moved all the non-ira out (the brokerage was charging commissions on trades). When I inherited the ira, they tried to woo me, but I immediately moved it out to fido.

They were charging 4% for doing nothing other than bundling MFs together and presenting them as a "product". Fido opened an inherited ira account and informed me of RMDs every year. For free.
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