Author Topic: Basic question on Fidelity/Vanguard  (Read 1006 times)

Sunshine84

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Basic question on Fidelity/Vanguard
« on: February 21, 2018, 08:40:03 AM »
My question might be very basic but I appreciate any guidance I could get!

Age: Low 30s. I used to work for a university hospital and have $50K in my 401a (with Fidelity) from there fully vested. It is in a 'Vanguard Target Retirement 2050 Trust I' fund. I looked up the details and found the expense ratio to be 0.07% and the management fee to be 0.083%. I have no idea is this is high/decent? Should I explore other options? Do I keep the money with Fidelity in a 401a with the current allocation? Or is it recommended that I roll it over to an IRA? If so, should I go with Vanguard since it seems to be the most recommended choice.

Appreciate any advice I could get! Thank you!

MDM

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Re: Basic question on Fidelity/Vanguard
« Reply #1 on: February 21, 2018, 10:10:06 AM »
Sunshine84, welcome to the forum.

Given what is in your OP, "no change" seems the best advice at this time.

You might find the following (and links therein) worth reading:
Getting started - Bogleheads
Stock Series
Investment Order

Good luck!

seattlecyclone

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Re: Basic question on Fidelity/Vanguard
« Reply #2 on: February 21, 2018, 12:03:45 PM »
In general, expenses under 0.1% are quite good. No need to change just for fees. If you had an IRA already at Vanguard and wanted to roll your 401(k) into that account to simplify your financial life by reducing the number of accounts and financial institutions you have to deal with, that would be a fine thing to do.

Sunshine84

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Re: Basic question on Fidelity/Vanguard
« Reply #3 on: February 23, 2018, 08:07:25 AM »
Thank you MDM and seattlecyclone!