Sunset
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No idea the fee OP is paying for this service, I did read
"Every managed account Fidelity offers, including its robo-advisory service, carries an annual percent-based fee. Accounts start at 0.35% and go as high as 1.50%."
Plus I guess there could easily be actual fund fees on top of that.
Perhaps OP invested in this as didn't know about other choices ?
If this 401K is all of OP's retirement money, (IMHO) I feel being just in bonds is too risky, low interest and loss of capital value if interest rates rise (I think they will in years), will mean inflation eats up the buying power.
I'd suggest to OP to consider Vanguard Wellesley Income Fund, it costs either 0.16 or 0.23 fund fee and nothing else, and is 2/3 bonds and the rest stocks. No management to the brokerage is needed.
"Every managed account Fidelity offers, including its robo-advisory service, carries an annual percent-based fee. Accounts start at 0.35% and go as high as 1.50%."
Plus I guess there could easily be actual fund fees on top of that.
Perhaps OP invested in this as didn't know about other choices ?
If this 401K is all of OP's retirement money, (IMHO) I feel being just in bonds is too risky, low interest and loss of capital value if interest rates rise (I think they will in years), will mean inflation eats up the buying power.
I'd suggest to OP to consider Vanguard Wellesley Income Fund, it costs either 0.16 or 0.23 fund fee and nothing else, and is 2/3 bonds and the rest stocks. No management to the brokerage is needed.