Mutual funds — too many??
i invested my pension and mutual fund when I worked for the Chicago public schools back in 97 I invested in it with Charles Schwab I then invested my inheritance from my parents when they passed into Pacific life mutual fund with fifth third I currently work for the CTA I have a 457since 1999 with them .My has a mutual fund with her employer for approximately 25 years or more . I'm I invested in to many funds .we are both in are mid 50's
Terry Says
That's a good question. Can you keep track of all of them? Do you know WHICH funds you have inside each plan, and how risky those funds are, and whether you are over-invested in any one area. And do you know the costs of each fund -- not only the cost you paid to get in, but the ongoing annual fees you pay each year for each account? I know it's tough to compare. That's where a fee-only financial planner could help. They are not incented to sell you anything else, or transfer you to other funds! Go to www.feeonly.org and search for a Certified Financial Planner that is "fee only" to give you the specifics.
