After 15 years of paying advisors their one percent annual fee I've decided it's time to move my IRA to Vanguard. A year ago I created several model portfolios. One based on my current professionally managed IRA. This portfolio consists of 28 different funds and etfs.
Another based on a portfolio designed on the Vanguard website consisting of four funds. Plus two others. Bottom line the four fund Vanguard folio matches in performance the professionally managed fund , without the one percent fee.
That one percent fee is significant. If you take out four percent a year, the one percent fee equals 20% of the $$$ coming out of your account. Of course with Vanguard you don't get the free cup of coffee that is offered when you meet with your advisor.
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