Jan 17 2010

Weekend Links: Controlling My Parents Roth IRAs

Both my parents have Roth IRAs with Capital One Investment Services and I’ve been voicing my advice over how bad they’ve been managing their retirement accounts – no matter how small they may be.

They pay a $35 annual fee and own some weird investment fund that, I assume, was selected based on the advice of a broker. What lovely advice it was – for the broker – since he probably made some commissions for this recommendation.

I’ll be managing these accounts for them now. The first step would be transferring the accounts to Scottrade, where commissions are MUCH less. Then I’d be changing their investments to index funds, since they are less of a headache – especially for my parents.

Some interesting links from the personal finance blogosphere:

Carnivals that Realm of Prosperity was featured in:

If you liked this post, please leave a comment, share it, or subscribe to my RSS feed.

2 Comments on this post

Trackbacks

  1. Peter said:

    Thanks for the link!

    January 18th, 2010 at 3:56 pm
  2. Ashley said:

    Thanks for including us Simon!

    January 25th, 2010 at 1:57 pm

LEAVE A COMMENT

Subscribe Form

Subscribe to Blog

null

null

null

Useful Links

LMI Landlord Insurance
UK Commercial & Residential Let Insurance Brokers.
Landlord Insurance Policies include Repair, Rent Loss & Liability cover.


UK Caravan Insurance
Caravan Insurance from Insure My Caravan


Public Liability Insurance
CETA provide Online Quotes for UK Employers & Public Liability Insurance policies.


Home Insurance Quote
UK Buildings & Contents Home Insurance Policies


Home Insurance quotes online, Buildings and Contents Insurance.

Topics

Proud Member of the Yakezie Challenge