Annuity Suggestion??

[sman]

You mean other than the average, baked-in 2.4% fees? Mutual funds pretty much reflect the market as a whole and the market as a whole is vastly inflated, IMHO. The market went up in reaction to Yellen's announcement. So, YAY! -interest rates will remain low for now.

Who the heck is selling MF's with 2.4% fees? If someone can get me a list of those MF owners I will get busy moving those account. At least the qualified accounts. The NQ accounts might be stuck if their gains are too high.

 

[Charpress]

The average total internal fees for MFs are reported to be 2.4%. That would be what is disclosed in the prospectus and what is allowed as other undisclosed fees. That does not include any fees that might be charged to manage the accounts.

Forbes says that the "real cost" of owning a mutual fund is more like 3-4%. That would include, well, read the article:

The Real Cost Of Owning A Mutual Fund - Forbes