Can I close an IRA without any fees?

Question

I have such a hard time saying no to people. When a financial advisor came to my house to sell me this bogus insurance policy, the least I could do was open a money market account and an IRA. I don't really have an interest in having my money there. The savings account at my bank is earning about the same as the money market. I just don't really think this is the best place for my money to be. The guy told me I could close the accounts without any penalty or anything. Is that true? Or am I better of keeping the money there?

Answer 1

Well, what the salesman told you won't hold up in court, but how can you trust your money with someone who showed up unexpectedly on your doorstep? I would close it right away and  make sure they don't have your financial info, like from your bank or whatever.