I'm trying to decide between 2 funds for my SIMPLE IRA. One that I found and asked my broker for and one that he's recommending (which I believe he gets commission on).
Vanguard LifeStrategy Growth Fund - I asked for my allocation to go to this fund. The broker later called me and informed me that Wells Fargo (who is the administrator of my SIMPLE IRA) will charge me $50 in fees every time I buy into the fund, so I will have to buy in now and then again at 6 or 12 month intervals as opposed to monthly.
Russell LifePoints Equity Growth - this is the recommendation of the broker, but I know they've recommended this fund to everyone at my company.
I'm uncertain if I should just go with the Russell fund so WF doesn't charge me add'l fees or if the Vanguard fund will be my better option either way.
I have a prospectus for both plans and am happy to provide other info or answer any add'l questions.