I'm 47 and I've got over 800 grand in my Fidelity 401k that I've never really paid attention to. It's in two mutual funds which have done fine, but nothing special. Expense ratio for both is 0.8%. John Oliver tells me fees are bad. I could move it into Vanguard Index Funds - should I? If so, which ones - they've got Vanguard large cap, mid cap, small cap, and bond funds to choose from. I plan to retire or just work part-time by age 55 at the latest (I've got other investments, life ins., real estate, etc. and no debt). I'm relatively conservative investment-wise, but hate to throw money away on fees or do anything stupid.

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Posted by KillTheGophers

Member since Jan 2016

6218 posts

Posted on 6/14/16 at 10:14 pm to dcw7g

What 2 funds are housing the funds now?

If you plan to retire in 8 years and have little financial experience, I would counsel you to go to a professional - yes you will pay fees but you will have a $1MM nest egg with no financial experience at the controls.

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Posted by dcw7g

Member since Dec 2003

1971 posts

Posted on 6/14/16 at 10:26 pm to KillTheGophers

The two funds are OAKMARK EQ & INC I (OAKBX) for 75% and AM CENT OC 2025 INV (ARWIX) for 25%. I've got a financial guy who helps me with all my other investments and retirement planning, but hasn't really messed with my 401k other than to keep up with the total value. I picked those funds years ago with the guy from Fidelity and everything's been deposited automatically since then. Haven't even rebalanced.

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Posted by KillTheGophers

Member since Jan 2016

6218 posts

Posted on 6/14/16 at 10:33 pm to dcw7g

I am a fan of the Vanguard lifestrategy funds.

Again, if you don't have much financial experience, get with a pro.

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