USA Please help

[Amy Cunningham-Niehaus]

I have a mutual fund which is closing to new investments. Should I roll this money over to something else? Please help?

 

[BillLumbergh]

What do you mean by closing to new investments? The holding company is being sold to someone else?

 

[Amy Cunningham-Niehaus]

I have 6 fund allocations and two of them are closing to new investments

 

[BillLumbergh]

Are they being rolled over automatically to the new investments? Does the new fund(s) have any return history?

 

[Amy Cunningham-Niehaus]

3.92% Year to date.

Also $25.00 a quarter bookkeeping fees....that seems high to me

 

[Amy Cunningham-Niehaus]

I think I have to do it. Money in the 2 funds will remain in the fund until I give instructions to move it

 

[BillLumbergh]

I'd roll it over into Vanguard or something with lower expense ratios if at all possible.