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Posts Tagged ‘traditional ira’

Is a money market IRA considered a traditional or Roth IRA?

July 19th, 2010

I have a money market IRA that was converted from a Roth IRA over 2 years ago. I didn’t like the rate I was getting in the Roth and converted to the money market, but now I am unhappy with the return I am getting on the money market IRA. Is my money market IRA considered a traditional IRA? I’m 27 and would like to withdraw approximately 3,000 for something that would not qualify under any of the exceptions. Will I end up paying the 10% early withdrawal fee and will the 3000 be considered income?

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Technorati Tags: exceptions, money market, roth ira, traditional ira, withdrawal fee

Posted in Best Index Funds |

Tags: exceptions, money market, roth ira, traditional ira, withdrawal fee |

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Where is the best place to complain about an undisclosed fee with a mutual fund company?

July 12th, 2010

I thought I was opening a mutual fund account with a large mutual fund company. I already have a Traditional IRA mutual account with them. When I opened the ROTH IRA account online I didn’t realize it was a brokerage account. I’m a saver not an investor. I have 20 years with this company, however they won’t waive the fee for this account. Worst of all it was hidden in the pull down electronic agreement so I didn’t see it. They are playing hard nose and won’t budge, not even for an old client.