I devoured all of your postings about Ameriprise and learned a lot. But everything is new to me, so I still don't fully understand it. Please bear with me, you the savvy ones, one more time.
I have everything imaginable: a variable annuity in an IRA, another annuity in a TSA, and the rest of the IRAs is in 2 REIT and mutual funds-A shares fully loaded (5.75% plus expense). Wrap fee is 1% and financial planner fee $1,000. I understand that I should move away from this to Vanguard or T. Rowe Price. But to what? When I checked the performance it appears that, with exception of two bond funds, the rest did pretty good for average/above average risk: 10% for mutual funds, 15% for the funds in the annuities-3 year average net of expenses. Three of them are top performers. The diversification appears right too.
I compared mine with, for instance, what Suze Orman recommends in her website:SLASX, POAGX, VIPSX, MSILX, TRRHX, and mine performed better.
I know I'm being robbed, but where is it? What am I missing?
I have everything imaginable: a variable annuity in an IRA, another annuity in a TSA, and the rest of the IRAs is in 2 REIT and mutual funds-A shares fully loaded (5.75% plus expense). Wrap fee is 1% and financial planner fee $1,000. I understand that I should move away from this to Vanguard or T. Rowe Price. But to what? When I checked the performance it appears that, with exception of two bond funds, the rest did pretty good for average/above average risk: 10% for mutual funds, 15% for the funds in the annuities-3 year average net of expenses. Three of them are top performers. The diversification appears right too.
I compared mine with, for instance, what Suze Orman recommends in her website:SLASX, POAGX, VIPSX, MSILX, TRRHX, and mine performed better.
I know I'm being robbed, but where is it? What am I missing?