[M2inOR]

We have both managed and unmanaged accounts with Fidelity. There are taxable, IRAs, and ROTH accounts under management, as well as 2 IRA accounts that I trade. I've been a trader since 1980, and have learned a lot.

The managed accounts were given a goal of 7-10% return a year, and the management fee is slightly less than 1% per year.

I've been doing my own taxes for 40 years, and have utilized TurboTax and tax publications that help identify deductions I'm able to take.

Managed accounts aren't for everyone.

I survived 3 big declines in the market, the latest being what the pandemic caused. Fortunately recovered easily from each of those declines, as I did not need to sell.

Also, my Fidelity advisor asked me if I knew about ROTH conversions. At the time, I did not. I researched during the pandemic, hired another advisor who specialized in ROTH conversion plans (Craig Wear) who confirmed my cousins with a detailed plan. Very happy with the outcome.

Yes, was hit with IRMAA, but my wife had a medical premium retirement account to pay those very high premiums.

We also deferred our social security benefits until we turned 70, so that our ROTH conversions were in "no income" years and we lived off of savings. Yes, we had high taxes during those conversion years.

We're now early 70s, approaching RMD times, and living off of SS benefits, and income from our investments.

I'm glad we both headed the advice we got in the late '70s, to save as much as we could during our working years, live within our means, and to learn as much as we could about investing in the stock market.

Now we relax, travel, and enjoy our sunset years.