I don't think you will find a good word here about Edward Jones. Say Good By.
Welcome. TSP is a good thing to have. Fees are not. I think you will find that you can do a bit of homework and avoid the fees. It's not rocket science.
The problem with EJ is they have too many offices.
The problem with Vanguard is they don't have enough.
One thing I would like to add is that I live in Georgia. My EJ guy is in Minnesota. We got him be default when I inherited my IRA from my grandfather. He has been a good advisor from what I can tell but there are conflicts with commission in things such as American funds. Basically we are not a local relationship but we are regular active clients and meet virtually about once a year..
We are in N.jawga but our Fidelity home in in N Atlanta area so about 1 hour away if I need to go there for any "hand holding" ' but so far phone calls and /or facetime has sufficed after our initial office visit just before the pandemic hit and closed offices all over.
It looks like the EJ fee to close an account is $95. I think it may be per account? We have 2 Roth accounts, 2 traditional, a regular investment account, and an inherited IRA. As you can tell we have been with them a long time. Almost 10 years. Does that sound right $95 per account?
You could contribute to your Roth TSP.I am leaning to Fidelity and am writing down questions I have. I am liking their Zero funds.
I still have to wonder if it is best to load up our TSPs above the match or just do the match and max out Roth IRA’s factoring the Fidelity fees vs TSP fees?
You could contribute to your Roth TSP.
Hello! I am from Georgia and found this site while doing a search for TSP vs Edward Jones. I have been exploring using more benefits of the TSP and the fees I am paying with EJ. I am planning on leaving federal service at 58.
Fast Eddie is notorious for fees, so that's probably right. If you are bringing a significant amount of money to Fido or Schwab they will probably be willing to pick up those fees, though.It looks like the EJ fee to close an account is $95. I think it may be per account? We have 2 Roth accounts, 2 traditional, a regular investment account, and an inherited IRA. As you can tell we have been with them a long time. Almost 10 years. Does that sound right $95 per account? ...
How much will those four extra months cost you in fees?Probably do a clean break at the new year.
Yes. Not only does he collect on the loads, the funds have 12b-1 fees that keep feathering his nest.... He has been a good advisor from what I can tell but there are conflicts with commission in things such as American funds. ...
I don't think there is anything wrong with the Fido zeros if they meet your needs, but IMO once the fees on a fund are under 10 basis points it is the same as free. So other factors can be considered.I am leaning to Fidelity and am writing down questions I have. I am liking their Zero funds. ...
I feel Jack Broe does a nice comparison of the strengths and weaknesses of these three in his youtube video below.......I am looking at Vanguard, fidelity, and Schwab......
It looks like the EJ fee to close an account is $95. I think it may be per account? We have 2 Roth accounts, 2 traditional, a regular investment account, and an inherited IRA. As you can tell we have been with them a long time. Almost 10 years. Does that sound right $95 per account?
I am kind of a hands on person but at times like ideas and advice. I am not mad at EJ for their fees. I am just realizing most of what I do there can be done inside my TSP or fidelity etc at mostly no cost.. EJ served a purpose for us for a period of time. It’s going to take a couple months to make the move. Probably do a clean break at the new year.