If I rollover a pension into an ira, does the company handing the ira charge a fee?

7 Responses to “If I rollover a pension into an ira, does the company handing the ira charge a fee?”

1. Brad G. says:

   March 27, 2009 at 1:30 am

   I rolled my 401K in to a Roth IRA and there was no penalty but I did have to pay a small fee to the investment company. I went with Edward Jones.
2. nbr660 says:

   March 27, 2009 at 1:57 am

   Sometimes they do but not always charge a fee. Really you should consult a financial adviser for options.
3. Tyeishe H says:

   March 27, 2009 at 2:37 am

   They probably will charge you, everything now a days charges fees.
4. dlmrgnk says:

   March 27, 2009 at 3:11 am

   It depends solely on the company. The “full service” brokerages will charge you but outfits like Vanguard and others do not. Investigate because those commission dollars are lost and gone forever.
5. derek says:

   March 27, 2009 at 3:23 am

   Probably….Most do (they have to earn a profit somehow, don’t they?)

   Your job is to find out what fees and expenses they do charge and weigh that against the value and service they are providing.
6. Yada Yada Yada says:

   March 27, 2009 at 3:52 am

   It all depends on where you roll it to.

   Sure, if you roll it over to a full service broker, you’ll probably pay a fee.

   But if you take the time to learn and take charge of your own investments, you can roll it to an online brokerage and most of them will do it for free. In fact, most of them will not only roll it over for free, but they’ll help pay any fees that your pension may charge for getting the money out!

   Just check around to find your best options.

   I can’t direct you since I don’t know your investment style, etc, but at least this should get you started.

   Hope that helps!
7. dave b says:

   March 27, 2009 at 4:48 am

   you probably get it changed thru a good bank for no fee. I rolled one over at mine & they handled it all .for me,no charge.