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My Merrill Lynch advisor wants to charge 1.5% fees


               
2021 Mar 20, 7:02am   1,396 views  11 comments

by GlocknLoad   follow (0)  

I am still researching what to do with my cash sitting in my 401k. Fees can eat you alive, correct? What fee structure is acceptable?
The 1.5% is the management fee for a mutual fund and covers all trades for the year. I do not make the trades, the managers of the fund do.

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11   rocketjoe79   @   2021 Mar 20, 5:15pm  

I use Personal Capital. Best online tool for planning and especially retirement planning. Vanguard has the cheapest management fees (0.3%, last I checked) but Personal Capital is around 0.7%. They are a roboinvestor but they have people at the top managing the strategies to your risk profile. They are not a full service broker (no margin puts or calls, etc.) or a bank. But I don't gamble like that anyway.

My referral code is:

https://pcap.link/joe925

Thanks if you use it!

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