So I left a job at a fortune 500 company about 2 years ago witha large 401k. That money is all in a fund called "Company x target 2050" in fidelity with an expense ratio of .054%. The Fidelity freedom 2050 expense ratio is .75%. Does this mean I should never move that money because it's a great deal? Or would I be better off combining it with other money and hiring a financial advisor. I feel like the 1% fee they charge is not worth it since my old company fund has such low expense ratio, but the vanguard 2050 fund has a close expense ratio to my former employees. I could also just buy that. Do advisors usually get you into worthwhile opportunities you can't normally get? Am I making too big a deal of my old companies fund?
Submitted October 05, 2023 at 04:58AM by rando1219 https://ift.tt/GjWvRUD
