Cedar Rapids Gazette in Cedar Rapids, Iowa

Fees and choices for low cost IRA investments

A.B. asks if transferring an IRA from Merrill Lynch to a lower cost broker saves taxes and how to manage proprietary funds. The adviser notes tax deferment allows selling without immediate tax, suggests moving non proprietary investments to a discount broker, and recommends balanced no load funds like Fidelity Puritan, Dodge and Cox Balanced, and Mairs and Power with low expense ratios.