Community Chat

[I am still oxox]

I am speechless my hubby and I both have a traditional and Roth IRA with a brokerage firm and it is going to cost us $175 per account to move them to another financial institution. I. am appalled and speechless over this and other than not moving them we have no recourse. Whew

[cjm61]

@I am still oxox This is common practice. However, some brokerages may reimburse new customers for transfer fees. You may want to check.

[I am still oxox]

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@cjm61 wrote:

@I am still oxox This is common practice. However, some brokerages may reimburse new customers for transfer fees. You may want to check.

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@cjm61 I spent hours on phone with them and no way will they reverse anything. I think we have been customers for over 20 years

[Q-Checker]

I think that the OP is suggesting that the NEW (or next ) financial institution to receive your .IRA 's may reimburse you for your transfer fees.

[Travone]

You have to read the fine print

[KailaS]

See if the new financial institution will cover some/all of the transfer fees.  If not, I am sorry.  

[shoesnbags]

@I am still oxox 

@cjm61  is saying that your new institution might reimburse the fee that your old one is charging you to make the move. 

[I am still oxox]

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@Q-Checker wrote:

I think that the OP is suggesting that the NEW (or next ) financial institution to receive your .IRA 's may reimburse you for your transfer fees.

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@Q-Checker I am the OP and there is no where I said that anyone will reimburse us 

[I am still oxox]

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@Travone wrote:

You have to read the fine print

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@Travone These accounts are over 20 years old, I dount there was fine print bad then 

[I am still oxox]

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@shoesnbags wrote:

@I am still oxox 

@cjm61  is saying that your new institution might reimburse the fee that your old one is charging you to make the move. 

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@shoesnbags I tried that and they will not