ICNTR
Recycles dryer sheets
- Joined
- Jul 3, 2012
- Messages
- 81
In the past I have explained that I have a $300k 401k and a $100k pension from prior employer that I eventually need to roll into an IRA. My wife's brother has been a W&R rep for our entire 19 year marriage so they have almost all our investments with the exception of these two employer funds. Most on here have steered me towards vanguard or fidelity which I understand and appreciate. I know their fees are much, much less. W&R fees are pretty steep. However, when I had vanguard recommend compatible funds and when compared the past 10 year performances, the w&r finds performed better.
My question is, does it ever make sense to pay a higher fee if you get better performance? Part of me feels like i would like the DIY approach and really don't want EVERYTHING with one high-fee company but I also can't argue with the past results.
What am I missing here?
Also, I have called and other than risk, there does not seem to be a need to rush my conversions of these funds. Am I missing a reason to do it sooner rather than later. (I resigned back in mid-June)
My question is, does it ever make sense to pay a higher fee if you get better performance? Part of me feels like i would like the DIY approach and really don't want EVERYTHING with one high-fee company but I also can't argue with the past results.
What am I missing here?
Also, I have called and other than risk, there does not seem to be a need to rush my conversions of these funds. Am I missing a reason to do it sooner rather than later. (I resigned back in mid-June)