Is Primerica a good company for my Roth IRA? Should I keep it until retirement?

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  • #98468 Reply
    Mark

      Do it urself. Open a roth at fidelity. Talk to a rep or watch a YouTube video.

      It’s a fairly simple process.

      Do an “In kind” transfer

      #98469 Reply
      Daniel

        long story short, no.
        they are pretty much a pyramid scheme selling life insurance.

        I’d look at Vanguard, Fidelity or Charles Schwab as a starting place for investments

        #98470 Reply
        Frank

          No, its not. Move account to Fidelity, Schwab or Vanguard.

          #98471 Reply
          Christopher

            Primerica is publicly traded – everyone here who holds VTI/VTSAX has profited from the fees you’re paying.

            Fidelity, vanguard, or Schwab are the usual go-tos around here for IRAs.

            You’d also want to make sure your money is getting invested usefully (in low cost, broad index funds) rather than annuities, CDs, or high-fee active funds.

            #98472 Reply
            Russ

              Primerica is the ones who tout “buy term and invest the rest”.
              Undoubtedly they’re charging you a management fee which is unfortunately eating at your potential gains
              I’d move it to a self managed account if you’re comfortable doing that

              #98473 Reply
              Tre

                I think it isn’t as simple as yes or no – what fees are they charging you and what are they investing in?

                If you don’t know the answers to these questions then we should start there and move forward accordingly

                #98474 Reply
                Tim

                  The only question is which company you should transfer the money to. I suggest Vanguard and invest it in VTI (a vanguard index fund).

                  Fidelity and Schwab are also very highly recommended.

                  #98475 Reply
                  Laney

                    Primerica is one of the worst companies for insurance. They are not there to help if give good info, most of the representatives have only done a week of training.

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