RetireeRobert
Thinks s/he gets paid by the post
I rolled over a 401k into an IRA with Ameriprise just over two years ago. Since then I've become much more determined in respect to FIRE and I've begun to examine my accounts. I can't find a symbol for my IRA account to check what companies make up the fund, and it doesn't give me a rate of return either. I'm currently contemplating switching to Vanguard to hold this account for me. Does Vanguard show a rate of return? I've browsed through their funds and like their website in general.
I picked Ameriprise because I was following what my parents did. Now that I know more of my parents financial situation, I'm very nervous about the decision I made a few years ago.
Should I switch?
Yes, you should switch. Vanguard is an excellent choice. You won't go wrong with Vanguard. I have had a substantial portion of my assets with them for over a decade. I have always been more than pleased with their service, their costs, their offerings, and the ease of using their website.
Make the move. I believe a custodian to custodian move is initiated by you filling out an application with Vanguard, and they go back to the other custodian to "get" the funds.
With Vanguard, you designate which particular funds you want your money in. It is easy then to look up each fund in which you are invested to see all details of expense rations, individual holdings, fund rates of return over various periods including most recent, etc. Very transparent as to all such info.
Do it. Sooner rather than later.