so i noticed the performance on my 401k is really low, like 2% ytd. But i have the exact same funds in my rollover account and the performance averages around 10%. So after researching- I discovered i am paying fees constantly- like every 2 weeks for every fund. Basically its costing me all my gains. Argh! i am 51 & independent so i have been saving the absolute max i can afford into this 401k. currently it is worth 123k and i contribute about 500 a week. I have no employer match. Is this a big mistake? Will i continue to pay these advisor and trustee fees even if i stop contributing? Should i borrow 100k out and invest it elsewhere? I also have a roll over account, roth ira and brokerage account worth about 110k.
Any advice would be greatly appreciated! I am totally self taught when it comes to finance and almost all my holdings are in Vanguard index funds and low expense mutual funds. I am also starting to research and buy dividend stocks - about 5k total
Submitted October 30, 2021 at 11:10AM by kittyluxe https://ift.tt/3CyuqRc
