My sister had a profit sharing account at her employer which they are shutting down and so she wants to put it in an IRA. She’s still young (late 30’s) and is not going to be handpicking stocks or anything so my basic advice was put it in a traditional IRA at Schwab or something.
Then I realized, maybe I’m not the best person to give her financial advice so I would ask here if I’m missing something. She’s got low 6-figures and is not going to take big risks with her money. So is moving it to a traditional IRA at Schwab and dumping it into one or more of their funds/ ETF’s (any particular ones? )her best course of action? Her bank offered to manage it for the low low fee of just 1% lol, I told her to pass on that.
Best place to park an IRA – Schwab, Vanguard, Fidelity, other? – RobinHood – Reddit Feed
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