Ask An Advisor: ‘Am I Getting Fleeced?’ I’m 66, Contributing $272 Per Month To An IRA And Paying $136 Monthly In Fees. That’s 50% Of My Contribution
I am 66 years old, still working and with very good health insurance. My company does not have a 401(k). I do have an individual retirement account (IRA) with approximately $120,000 invested. I contribute $272 per month, yet my program fee is $136 per month. That’s 50% of my contribution. Am I getting fleeced? – Garry Q4 2022 hedge fund letters, conferences and more These are very important points. After digging in, you may decide that you want to make a change. But bottom line: I wouldn’t say you are getting fleeced. (Looking for a new advisor? This tool can help match you with potential advi...