IRA AND ROTH IRA
WHY IF IT IS WITH INSURANCE COMPANY OR BROKERAGE HOUSE as custodian issue regarding transfer to other custodian by qwner or beneficiary
In general, discount brokerage firms have better products, better customer service and lower fees including exit fees, which are small fees charged when closing an account and moving the money elsewhere. Exit fees are usually not high enough to worry about.
Permalink Submitted by Alan - IRA critic on Mon, 2021-03-15 22:09
Typically with high fee investments such as annuities or other high fee investments, the custodian is making good money and therefore discourages loss of the funds by transfer or rollover. Others just charge high exit fees but do not otherwise resist loss of accounts.