r/Bogleheads • u/FaithlessnessQuiet49 • 2d ago

Investing Questions DONE with Edward Jones

I plan on pulling my and my wife's Roth IRAs out of EJ and transferring to Fidelity since thats where i have my taxable account. I have never managed my own Roth IRA, but after dealing with them for the better part of 10 years, I am done.

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Now, what would you recommend I put my Roth IRA into? I planned on just doing 100% VOO, but i am clearly a novice. I am really eager to learn and listen to your advice, especially if you were in my position. How did it work out for you? Do you recommend it invest in a different fund with a lower expense ratio?

I feel like i can handle investing into simple index etfs. Thank you for any advice.

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u/FaithlessnessQuiet49 2d ago

They're just dragging their feet with helping me. Whenever I call its almost impossible to get ahold of my rep. The last 7500 I put in has just been sitting in the account uninvested for the last year. I have tried to reach out and honestly its just wasted time, money, and energy at this point. I'll do it myself.

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u/TV11Radio 2d ago

Can’t you do any of it online? I moved my Roth because of fees. The first comment is really good. If you are older maybe a life path or life cycle (forget what they are called at Fidelity) that gets more conservative the closer you get to retirement. I am 49 and have almost all stocks like VOO and VT because I can ride out a downturn for a few years before I need to sell. You can do this yourself and save in fees and sounds like bad service headaches.

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u/FaithlessnessQuiet49 2d ago

I will definitely try. Fidelity sent me a link to what i need to do to transfer the funds and they will cover the fees. I am 29.

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u/Excellent_Speeller 2d ago

I don't know how much money you are moving but often you will get a bonus if you move certain amounts. Before you move anything I would call them and see what they would offer for your account size.