ING 457/AXA IRA Rollover

[geerman]

Not a real experienced poster here, only a couple of times. I retired in 12/09 and after 6 months rolled the 457 (300K) into an AXA IRA. Don't need the $ right now and it has done 20% over the past 8 months. Just started looking at posts here and seen some complaints over AXA FEES. Most of the complaints seem to identify 403's. My AXA rep indicated fees were about the same (1%) as the ING/457 fees. I never confirmed this on my own. Any comments are appreciated.

 

[travelover]

Your rep did not give you a very clear answer. You need to find out exactly what the total of all fees is, in writing. You may be unpleasantly surprised.

 

[nun]

The great thing about the 457 is you can access it penalty free before 59.5. However in doing the roll over to an IRA you've lost that feature. The only reason I'd roll over a 457 would be to go with a less expensive carrier. My advice would be to roll over into Vanguard and get as much out of AXA's hands as possible