[USER]

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.

[Mark]

Do 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

[Daniel]

long 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

[Frank]

No, its not. Move account to Fidelity, Schwab or Vanguard.

[Christopher]

Primerica 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.

[Russ]

Primerica 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 that

[Tre]

I 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

[Tim]

The 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.

[Laney]

Primerica 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.

[Author]

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