Ask Terry Questions Fidelity Portfolio Services

Fidelity Portfolio Services

By Terry Savage on December 20, 2024 | Investments

Is there value in having Fidelity manage my retirement account? Proposed fees are .93. They would have access to more investment options than I currently have now and they would help weather the storms ahead. I am hesitant on the fees.

Terry Says

If you just want to “weather the storm, and assuming you are in retirement stage, move your IRA at least 50% into the government money market fund, and leave at least 30% in their Equity-Income fund. And the remaining 20% can stay in the S&P 500 index fund. And now you have my FREE advice — and complete diversification with some safety. How many investment options did you think you needed?!

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