Personal Finance

I’ve had USAA accounts for many years now, and have consolidated my 401K to IRA accounts to them as I changed jobs over the years. All of my transactions have gone very smoothly and effortlessly. When I didn’t know much of anything about trading, or investing, they seemed very helpful to me.

However, as I’ve matured as an investor I’ve learned that:

A) They don’t tell you anything about your account options when you initiate a rollover. Unless you specifically ask for a brokerage account, they will roll you into one of their extremely limited mutual fund accounts.