Hello everyone,
I wanted to run this by others and see what you would do. Our 457B (school district) charges the following fees:
0.25% of assets- (capped at $150,000 in assets)
0.42% of assets- Investment adviser fee (Cant opt out, I checked)
0.10% of assets- Custodian/Trustee fee
0.04%- Expense ratio of VTSAX
We expect to have $360,000 (rough estimate) once we FIRE and could face fees of about $2250 a year or more as the account balance continues to grow. I could see this fee doubling once we are in our 50's.
We won't really need the 457B for withdraws because we will have plenty of money in our taxable brokerage and roth conversion ladders but I guess the flexibility would be nice to keep the account.
Would you pay the fees each year or roll the account over into a traditional IRA?