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jimcyee
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I want to switch my IRA and Roths away from Smith Barney/Citigroup


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Russell Wayne, CFP
FiLife Contributor

Charles' advice is well worth following.

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Charles L. Stanley
FiLifer

Do you want to work with an advisor or do you want to be a doi-it-yourselfer?
If you want to work with an advisor, then your battle is finding an advisor you want to work with. There are a few sources to check out. Check www.napfa.org for fee only advisors, for the Financial Planning Association check our http://www.fpaforfinancialplanning.org/. For Certified Financial Planner Professionals check http://www.cfp.net/.

If you are a do-it-yourselfer, one of the discount brokerage firms mentioned above would be appropriate if you want to do your own stocks and bonds, etc. or various mutual funds If you want a very inexpensive high quality resource, consider www.Vanguard.com and their funds.

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jimcyee
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jimcyee said

I live in Elk Grove, CA zip 95757.

Thanks
James

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Robert Schmansky, CFP®
FiLife Contributor

A low-cost brokerage should be able to transfer many of the assets over as they are if you are simply trying to move out of the company, and not the investments. Contact a broker like Scottrade or Schwab and they'll typically do that work for you. Rahwa makes a great point that fees and choices will be different, as will be support if you need investment related guidance.

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Rahwa Asmerom
FiLife Contributor

You should definitely do your homework and see which banks can offer you what you need in particular. It's difficult to say that most accounts vary greatly but you should pay attention to account fees, choice of investment options, and minimum balance requirements when searching. Good luck!

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