What do you do if you feel very unknowledgeable and you inherit a Merrill Edge acct, and now it's out of probate and in my own name and I need to fix it because it was total bond funds (97%)....well, I was sort of given choices of how to go about changing it, and one was to let the Merrill Edge people control it with a 60/30/10 plan (60% stock funds)...which is really good plan, but these managed funds can be expensive and it is one of the "big" banks that I hear all the time are really expensive to invest in. So, once you give the go ahead for something like this (just Friday), can I change my mind and get out of it....My son says don't do this and Vanguard is way cheaper, and I already have some funds in Vanguard and it's doing really really good..... How do I get it out of Merrill Edge before I lose a lot in fees to have this managed account.....(it's called a CMT, does anyone know what that means???) Thanks for any advice.......
Submitted February 13, 2017 at 05:19AM by Jackie762 http://ift.tt/2lAz5ya
