Hi Jeremy,
Our 401K is with Fidelity, however my Roth IRA and children’s 529’s plans are with Edward Jones. We also have my wife’s 401K we rolled over to a traditional IRA when she stopped working but have not been funding this account, and it is also with Edward Jones.
I would like to know your thoughts on Edward Jones as a whole, as I noticed it wasn’t an option during the poll in the first office hours? I did some research and it made me sick to think of the fees we have been blindly pay: $40 annual fees per account, 4.5%-5.5% charges per transaction, plus approximate 2% load fees. That is if I am understanding the statements correctly…
I ran the Expense Ratio report on my Roth account and the rates for our all of the mutual funs (5 total in Growth and Income) were from .69%-1.08%! I honestly am not even sure if these are index funds when I look over them.
My goal is to break away from Edward Jones and manage my accounts through Fidelity. I need to close the learning gap on figuring out which index funds through Fidelity! First time searching is very overwhelming and I am hoping we can during one of the upcoming office hours.
Thanks again for opening our eyes to all of this!