Hi-
Does anyone have direct experience with Mutual of America and an IRA account? I have been reading ER for several months and this is my first post, so if I have not followed some rules of etiquitte, please let me know.
I had 403 & tda accounts with Mutual of America through a former employer and rolled it over to an IRA at MoA at 59 1/2 as a temporary move. I am no longer with the employer and am free to roll it into a different brokerage company. Am considering IRA rollover to Scottrade or Vanguard, where there are many more investment choices and easy to understand fee structures.
I am 60, ER, usually go with index funds, and do do not need to make withdrawls from this account for several years. MoA is easy to work with, but my experience has been:
a) choices are limited
b) it is difficult to see how much a particular investment has gained or lost as the reports are composite
c) It is difficult to tease out actual fees for services
I saw a reference or two to dissatisfaction with M oA because of a stated .09 annual fee and another unspecified issue.
Does anyone have direct experience, negative or positive, with Mutual of America and an IRA account? Thank you!
Does anyone have direct experience with Mutual of America and an IRA account? I have been reading ER for several months and this is my first post, so if I have not followed some rules of etiquitte, please let me know.
I had 403 & tda accounts with Mutual of America through a former employer and rolled it over to an IRA at MoA at 59 1/2 as a temporary move. I am no longer with the employer and am free to roll it into a different brokerage company. Am considering IRA rollover to Scottrade or Vanguard, where there are many more investment choices and easy to understand fee structures.
I am 60, ER, usually go with index funds, and do do not need to make withdrawls from this account for several years. MoA is easy to work with, but my experience has been:
a) choices are limited
b) it is difficult to see how much a particular investment has gained or lost as the reports are composite
c) It is difficult to tease out actual fees for services
I saw a reference or two to dissatisfaction with M oA because of a stated .09 annual fee and another unspecified issue.
Does anyone have direct experience, negative or positive, with Mutual of America and an IRA account? Thank you!
