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achie25

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  1. Thanks for the info. This thing is frustrating. I already have a Roth IRA with Vanguard.So my real concern is trying to figure out what to do with this annuity. I talked with someone else tonight and they also said to go with A shares. Just suck that I will take a hit on the surrender charge and then again with the load.
  2. If buying American funds through a 403b, are C shares the way to go? I was told that if you buy C shares through a 403b there is no load as long as you don't sell the fund within the first year? Please correct me if I am wornng. Also does that mean a year from when you first invest in the fund or a year from your last contribution? That is not a big concern since I would doing this as a "buy and hold"
  3. I think that I am going to do the 90-24 in the next week or so before the deadline. What are the steps if I do so? I currently have approx $16k in a variable annuity with AXA. I am looking to do a 90-24 and transfer out to another provider. My district approved providers are as follows: AXA Equitable VALIC Primerica Financial Capital Guardian Bank Edward Jones Mass Mutal Paradigm Equities Painwebber Morgan Stanely Dean Witter GLP Associates About 5 of these providers deal primarily with American Funds. My surrender fee from AXA is approx. $700. I have contacted a few of these providers and am not overly impressed. However, I do have a possible better situation with Morgan Stanely. A guy I played college football with is an advisor with Morgan Stanely. He said that if I switch to them he will waive the $75 yearly account fee that they charge for as long as I stay with them. He said the only thing I would have to pay is the funds ER and loads (if applicable). So I am probably going with them if that is the case. Is that Kosher? If what he told me is the case would I then be able to get Vanguard Funds through him at the same cost that I would by going to Vanguard myself? As always advice and thoughts are greatly appreciated.
  4. I will check tomorrow at Central Office about whether or not Morgan Stanley is limited to what funds they can offer me. My friend at Morgan Stanley is telling me that I am not limited to specific funds. I will double check for sure. Unfortunately I do not get a match in our school district.
  5. I don't have that information. I was lead to believe that I could go any route I wanted once with another provider like Morgan Stanely.
  6. I am a teacher in Michigan. I currently have approx $16k in a variable annuity with AXA. I am looking to do a 90-24 and transfer out to another provider. My district approved providers are as follows: AXA Equitable VALIC Primerica Financial Capital Guardian Bank Edward Jones Mass Mutal Paradigm Equities Painwebber Morgan Stanely Dean Witter GLP Associates About 5 of these providers deal primarily with American Funds. My surrender fee from AXA is approx. $700. I have contaced a few of these providers and am not overly impressed. However, I do have a possible better situation with Morgan Stanely. A guy I played college football with is an advisor with Morgan Stanely. He said that if I switch to them he will waive the $75 yearly account fee that they charge for as long as I stay with them. He said the only thing I would have to pay is the funds ER and loads (if applicable). So I am proabably going with them if that is the case. Is that Kosher?
  7. ibank is a good software for the Mac. google it.
  8. I don't mean to be a thread stealer but I am also looking into the American Funds. I am currently contributing to AXA Equitable. What are the thoughts on AXA Equitable? I pay a $30 fee once a year. I am trying to become more educated on all of this so any advice is greatly appreciated.
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