Traditional IRA bank fees

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57 years old. ~$775k total retirement funds, $560k of which in a trad ira managed by a large bank charging 1.2% fee. Seems it’s plugged into a management algorithm (west end) and fund manager not really doing anything. Returned about 6% over last 3 years. Strongly considering pulling it and just buying treasuries and saving the fee

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Go talk to the bank before you do anything. Explain your concerns and see what they say.

People on the money talk are going to instinctively tell you to do it yourself, but no one understands your risk tolerance, financial plans, etc. if you’re unhappy with performance, tell your advisor. If you’re unhappy with the fee, tell your advisor. All of these things are negotiable.

ETA- and if you’d have dropped all your money in intermediate treasuries 3 years ago you’d have a lot less than you do today.

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1.2% is extremely high.

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Relative to what? It’s high relative to do it yourself, sure.

I’ve seen advisory fees as high as 2% (which I do think is pretty outrageous regardless of service/performance/etc.), but it’s apples to oranges without knowing what’s included, total service and planning, etc.

I’m well aware that any fee is too high for this board of DIYers, but I’m not ready to objectively say 1.2% is too high universally without knowing more.

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Seems it’s plugged into a management algorithm (west end) and fund manager not really doing anything

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At all the major brokerages you can get something like this for free with a roboadviser. You can then pay a little more for more services if you want. If you can't understand them, you probably don't need them.