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I am 53 years old. I’ve had a Roth IRA with Primerica for approximately 25 years.
I have only been able to put $25.00 per month into it.
Does anyone know if this is a good company?
Should I just leave it alone until my retirement age?
I don’t know anything about this kind of stuff.
MarkDo it urself. Open a roth at fidelity. Talk to a rep or watch a YouTube video.
It’s a fairly simple process.
Do an “In kind” transfer
Daniellong story short, no.
they are pretty much a pyramid scheme selling life insurance.I’d look at Vanguard, Fidelity or Charles Schwab as a starting place for investments
FrankNo, its not. Move account to Fidelity, Schwab or Vanguard.
ChristopherPrimerica is publicly traded – everyone here who holds VTI/VTSAX has profited from the fees you’re paying.
Fidelity, vanguard, or Schwab are the usual go-tos around here for IRAs.
You’d also want to make sure your money is getting invested usefully (in low cost, broad index funds) rather than annuities, CDs, or high-fee active funds.
RussPrimerica is the ones who tout “buy term and invest the rest”.
Undoubtedly they’re charging you a management fee which is unfortunately eating at your potential gains
I’d move it to a self managed account if you’re comfortable doing thatTreI think it isn’t as simple as yes or no – what fees are they charging you and what are they investing in?
If you don’t know the answers to these questions then we should start there and move forward accordingly
TimThe only question is which company you should transfer the money to. I suggest Vanguard and invest it in VTI (a vanguard index fund).
Fidelity and Schwab are also very highly recommended.
LaneyPrimerica is one of the worst companies for insurance. They are not there to help if give good info, most of the representatives have only done a week of training.
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