Email question: Should I move money into an IRA?

Pete,

I am 67 years old and have some money in a CD traditional IRA.

The bank financial advisor wants me to take $50,000 of that money and transfer it to a "stock" traditional IRA.

The yearly maintenance fee is 1 % of the balance and the "supposed" return is about 7%. Of course the money in the stock IRA is not guaranteed and may lose value.

I must begin minimum distributions for my traditional IRA when I am 70 and 1/2.

Here is what I need from you (Note: I am a conservative investor):

- Is this move to a stock IRA worth the risk????

Anonymous