explanade
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 10, 2008
- Messages
- 7,442
OK, I was probably going to roll it over to Vanguard, where I already have Roth IRA (and possibly tIRA, if I make a contribution this year before I FIRE).
But some institutions dangle carrots, like $2500 to rollover to TD Ameritrade.
They probably don't have the same low-cost fund options, esp. Admiral shares that VG has.
So over a period of time, or maybe in one year, that $2500 you end up paying back in higher expenses. But Ameritrade must get kickbacks, though they don't know which fund you're going to choose.
Maybe maintenance fees of some kind?
But some institutions dangle carrots, like $2500 to rollover to TD Ameritrade.
They probably don't have the same low-cost fund options, esp. Admiral shares that VG has.
So over a period of time, or maybe in one year, that $2500 you end up paying back in higher expenses. But Ameritrade must get kickbacks, though they don't know which fund you're going to choose.
Maybe maintenance fees of some kind?