Should I switch from American Funds to Fidelity?
December 20, 2009 by
Filed under american funds ira
I am 36. Have $16K in American Balanced Fund class B shares, started in 2005. I was naive when I got into it and now am hearing bad things about loaded American Funds that they don’t perform any better than non loaded funds like Fidelity or Vanguard. It is a Roth IRA and I have no 401K plan, so it’s all I have for retirement. Do I have to pay a penalty to switch over, or should I switch over?
Just switch. You owe no penalty.