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SO, I just opened a Roth IRA, and I have about 1,400 in a mutual fund from American Century. I would like to move that money out of the American Century account and into my Roth, then back into american century so I can take advantage of the tax break. I know I can transfer funds form another institution, but I do not know if I will be paying any fees or something. If its easier for me to just take the money out of AC and then put it into my Roth myself then I will do that, but ultimately I would rather just have it transferred without having to take it out. I just don't know if there is any fees and what not. I don't know what to look into or how to know. Is this a good thing to do, what do you recommend?

Also, would you reinvest all of that money back into AC mutual fund or look into some other ETFs instead? Currently I believe my YTD return is around 7% last I checked. Any other ETFs you recommend I put it into instead?

Edit: YTD return is 9.99%, just checked Edit 2: if I transfer the funds over will I also lose my shares? Or does transferring it between institutions allow me to keep all of my shares?



Submitted August 08, 2018 at 07:50AM by dand06 https://ift.tt/2M6kyaY

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