So i am 22, and last year i opened a roth ira with wells fargo and contributed the max 5500 to my account with the clear understanding they would be investing my money.
I enrolled in online the other day to check my balance, and all of the money is just sitting in a bank account uninvested. Not only that, they took out a $100 annual fee they never even told me about so i lost money.
The stock market is at an all time high and that money should have grown $1000. When i was talking to the guy he said, "you're young dont worry about it." But that 1,000 could easily become $20,000 by the time i retire. Also, he just invested it after speaking while the market is at this high, making it easier to lose money.
What can i do about this, or what should i do? Is there a corporate number i can call? He says he has no control over the annual fee because its handles by wells fargo but i definitely want refund because they did NOTHING!
Submitted October 30, 2017 at 09:28AM by btlee92 http://ift.tt/2ih4elZ
