![]() I’m in kind of an awkward situation in that my financial advisor is a friend of a close family friend. Can I just stop making any contributions until retirement and set up a Roth IRA somewhere else or would that not be allowed since they stand to gain nothing from the lack of sales charges? Any advice is greatly appreciated. If I transfer everything out of my account I’m assuming I’ll be hit with some gnarly fees. If I understand correctly, this would be about a 37% gain or 4.5% annually (not the 7-10% I had hoped for). Investor Relations Q4 2023 Earnings Results Conference Call and Webcast 10:00 am EST. The current balance of my account is sitting at 33.5k. Primerica, through its insurance company subsidiaries, was the 3 issuer of Term Life insurance coverage in the United States and Canada in 2022. Fax Services (508) 599-4294 Primerica Shareholder Services P.O. I had just started working part time and setting money aside for retirement at that young of an age. or Please send to: Client Services: (800) 544-5445 Once completed, mail or fax the form and required documents to the appropriate address or services listed for processing. However, I did end up opening a Roth IRA with them. He tried to recruit me but that was a hard no as it sounded fishy. ![]() So when I was 18, one of my GFs (now wife) clients was a Primerica advisor. My stomach dropped when I found this subreddit and quickly realized I would have been better off investing elsewhere.įor the past 8 years I’ve contributed $200 monthly totaling around 24.5k. Moving Primerica Roth IRA to Other Institution. You may designate either a set dollar amount or a set number of. You may automatically sell shares from your account on a regular basis. I wasn’t aware of any kind of controversy or negativity surrounding Primerica until the other day when a comedian I like joked that Primerica is a scam. or Fax Service If your request does not require a signature guarantee or additional documentation, you may fax this request to 83 for processing. I check the balance of this account every few months or so and I also have a 401k at work, but otherwise haven’t given much thought to retirement planning. I was made aware of the 5%(ish) sales charges from the beginning but as a 20 yr old with no frame of reference I assumed it was par for the course. In October 2015 when I was 21 I set up a Roth IRA with a rep at Primerica, who I had been referred to by a good friend of my mother’s. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. ![]() Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests. ![]()
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