Ask Terry Questions Mutual Funds in Retirement

Mutual Funds in Retirement

By Terry Savage on July 15, 2019 | Financial Planning / Retirement

Hello Terry. I retired in January 2019. I had my 401k in the Fidelity 2020 Target fund for many years. After I retired, I got into a managed account from Fidelity. I am very uncomfortable with the fees and want to go back to the 2020 fund and stay in it, even though I am retired. It’s so hard to find any information for retirees. There is so much info for planning for retirement. I’m just confused as to what I should do. Thank you so much

Terry Says

If you have more than $50,000 in Fidelity you shouldn’t be paying ANY fees. They give free advice!  Did you go to an “advisor” who is charging you fees to use Fidelity’s funds?   You need some trusted and specific advice.  Either call Fidelity directly and ask about these fees. Or go to and find a FIDUCIARY financial advisor who will fully disclose all fees and costs — and put your interests first.


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