<prompt> Human: I opened a Roth IRA with American Funds and a mutual fund whole life insurance combo thing with Ameritas last month. Im contributing 125 to each monthly. Based on what Ive read here, Im going to cut my losses and cancel the life insurance one, possibly opening a tern life and investing the difference back into my Roth IRA.The Roth IRA has a 5.75 sales charge, and honestly the literature they provided is pretty confusing. Im 23 working part time and dont have the money to invest in a black hole like the whole life mutual fund. Is it a jerk move to roll over the IRA to Vanguard like you all suggest so often? My advisor is a family friend, and I might need his advice more when I actually make good money. I like having professional help with this, because honestly finance does not interest me at all, but the life insurance thing really burned my trust in him.I am actively looking for full-time work, and Im in government, so Ill use my matching through works retirement plan as well. My employer doesnt pay into medicare, which also concerns me.Advice please? Ive only paid a month into each.  <response>: A person who is both competent and a friend would never advise you to take an investment with a 5.75 fee. Thats ludicrous. This person is either incompetent or not your friend. Either way, get out. 