Results 1 to 2 of 2

Thread: Retirement Funds, Managed or Not

  1. #1
    Veteran Member
    Joined
    Dec 2014
    Posts
    591
    Thanks
    12
    Thanked 778 Times in 345 Posts

    Default Retirement Funds, Managed or Not

    Several weeks ago, I've converted one of my retirement funds into a managed account with the firm where I have my money. There is a charge associated with this, based on the percentage of profits. I thought a managed account made sense, since I don't take a very active role in managing the money I have stashed in retirement and do not really know much about investments. However, there are costs associated with a managed account, and so much of these investment decisions as to how to allocate your retirement funds are so much a crap shoot, not sure if I should actually trust someone to do this or rather just take the extra time however substantial it may be to learn all this myself. Thoughts? Managed account, or self-manage to save the 1.5% fee.

  2. #2
    God/dess minniesoporno's Avatar
    Joined
    Dec 2004
    Location
    Canada
    Posts
    5,694
    Thanks
    1,531
    Thanked 6,006 Times in 2,530 Posts
    Blog Entries
    107
    My Mood
    Cheerful

    Default Re: Retirement Funds, Managed or Not

    It's better to know what is going on with your money, then to throw your hands up and let someone else manage it, you could need it at retirement and not have enough for what you need.

    There are plenty of books on retirement planning. I am currently reading one I am in Canada so the main person who talks about money who is now retired is Gail Vax Oxlade.

    it is your money, be in charge of it.
    Stripperweb is closing! Join me over at WeCamgirls

    A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn. It can be as much more as you can afford. - Richest Man in Babylon

    Youtube : youtube.com/minniecriley | Facebook MinnieCRiley | Instagram @MinnieCRiley | Twitter @MinnieCRiley

Similar Threads

  1. Anyone in retirement or semi-retirement?
    By Seatortuga in forum Life Support
    Replies: 13
    Last Post: 04-13-2013, 12:43 PM
  2. New site for self managed dancers
    By Touch of Eloquence in forum Industry Insight
    Replies: 0
    Last Post: 03-26-2013, 10:33 AM
  3. Replies: 4
    Last Post: 03-20-2009, 04:54 PM
  4. Well, I managed to get laid, which is a start
    By Hatshepsut in forum The Lounge
    Replies: 36
    Last Post: 11-05-2007, 08:11 PM
  5. I only managed 52m ... who can do better???
    By northy in forum The Lounge
    Replies: 13
    Last Post: 01-15-2005, 10:45 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •