<prompt> Human: After reading a lot of previous posts on rpersonal finance, I started to think that it may be a mistake to have our Roth IRAs through Ameriprise, rather than a company like Vanguard. I saw on a previous post that is would be a good idea to email our financial advisor to get details about the fees we are paying. He responded with what is below, but he might as well be speaking Egyptian. I really know that little about retirement accounts. I am continuing to learn, but in the meantime I am hoping to get an unbiased and knowledgable opinion with regard to if we should move our accounts. Please let me know what you guys think our next steps should be. Thanks!!Financial Advisor email:As far as your Roth IRA fees go, were currently set up on a slightly higher fee structure until you hit 25k in assets Current Ameriprise portfolio total 8,700. The strategy is to avoid upfront sales charges on new contributions and pay higher ongoing internal expenses. Typically advisors or brokerage firms will use mutual funds that charge 5.5 upfront on new money and ongoing internal expense fees. For example, 5,000 of new money contributed x 5.5 and 1 ongoing. Therefore, total annual cost is typically 275 50 325 Our fee structures average cost is currently 1.93 5,000 96.50 w no upfront. In the example of 5,000, this fee structure is much cheaper. As soon as your Ameriprise total hits 25k combined with husband, we will drop down to 1 for our ongoing management fees and the custodial fees will be eliminated. This will pay for my time to service your accounts and provide ongoing financial planning advice. I am a big proponent of low cost investments and understand how they can hurt portfolio returns over time. The current structure is temporary. The links to the internal expense fees below: HusbandFidelity Advisor New Insights: 3,146 1.65 52 per year American Century Equity Income: 2,634 1.95 51 per year40 annual custodial fee Me Wells Fargo Builder: 2,700 2.21 60 per year 40 annual custodial fee  <response>: Way too much. Get a target date fund with Vanguard or Fidelity. somewhere around 0.1 percent i think Set it and forget it. 