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Originally Posted by LAshby50
About ready to roll over my 401K from JP Morgan. I am considering Fidelity, who my wife has for hers and Vanguard. Have my first meeting with Fidelity in TV office Thursday. Not sure what to expect. My research shows a slightly lower management fee structure for Vanguard. I also have a pretty good idea as to what I want to invest in.
Interested in any feedback from either. What should I expect or not expect from both. Have to start distributions in March or April.
Thanks in advance for your input.
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You say you "have a pretty good idea as to what I want to invest in."
I'm not sure what that means so I'll assume it means you've taken charge of your financial decisions and have done (and are doing) your homework.
That being said.....you might be better off at Fidelity because they probably have more options for you to do what you want, again, assuming you know what you want to invest in. They're both good companies and I use them both...non-IRA mutual funds and grandkids' 529s at Vanguard; IRA and non-IRAs, 529s, brokerage at Fidelity. As stated, Vanguard has lower fees because they're mostly index which is another way of saying "average" or "going with the flow". In a down market you won't get hurt as bad; in an up market you won't do as well. So, obviously, with a little homework you can find returns that more than make up for higher fees. That's why non-load funds aren't automatically better than load funds. It's all about the bottom line.
Personally, I don't bother with ETFs. They're just a bundling together of funds (translation: more fees) that you can buy yourself individually (less fees). Also, at Fidelity they'll probably try to direct you into their PAS accounts....managed accounts...which is just another way of them taking money out of your pocket and putting it in theirs. Again, check it out but I don't think you'll find PAS accounts doing any better than you can do selecting funds yourself although they (PAS) should do better in view of the extra Management Fees they charge....IMHO
Good luck. Enjoy!