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Author: Yogamama One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Re: MetLife redistributions Date: 1/6/2005 12:37 AM
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1) You need to find the expenses on each fund. Unless you truely believe in a fund manager paying more than a 1% expense ratio is just stupid. Compare the expense ratios of the index funds to those of vanguard or ishares.com.

2) While investing in many mutual funds seems safer remember that all your funds put together probably just return the same as one of your index funds, but charge more expenses. I personally think that your actively managed funds are unlikely to as a group do better than the less expensive index funds.

3) I do not see any bond, international, natural resources, REIT, in your investment mix.

4) I do not see any of those funds listed on finance.yahoo.com, I do not like that.

5) Why don't you roll over your IRA to another fund company with a brokerage account.


Bogwan, Thanks for the ideas. I have not invested in any bond funds, as I was being a bit more aggressive in my earlier years, and haven't made any changes as of yet. Currently, I'm 41, with 2 small children, so the priorities are shifting. I do see a few bond funds, plus a Neuberger Berman Real Estate fund (I'm assuming an REIT) on the list I have from MetLife.

The MetLife products have been difficult at best for me to examine. It is hard to tell what all the expenses are. They kind of put their own "funds" together, it seems to me, and rename them funky names that I haven't been able to do research on over the internet. They collaborate with quite a few different companies Fidelity, American, Janus, Morgan Stanley, and the list goes on. Anyways, on my quarterly statements, it doesn't show what the expenses are, and when they are taken out. I would imagine that I would have to dig up a prospectus on each fund to find it.

My DH has a Roth through Pershing. Don't really like the yearly fees ( am looking for an alternative), but the fees are easy to find. Need to check on the expense ratios, though.

I would have to inquire about moving my 403b to another brokerage. Don't know if that is allowed while I am still technically an employee. I would think so, since the employer does not make any contributions due to my per diem status. The account is now at 70K (was at almost 100K before the drop in 2000), and I'm a little nervous about yanking it without a good game plan. Thought that I would rearrange some of the distributions first, and then look into investing it elsewhere.

I haven't been entirely pleased with MetLife, but 1) it was the only one to pick from with this employer when I started working 17 years ago; 2) the vesting period was immediate, which also meant that the employer contributed not so much compared to other 401k's in the industry; and 3) I learned early not to turn down the free money, as well as the tax shelter. So in short, I feel a bit "stuck" with it, but given that I work for a not-for-profit community hospital, I'm probably pretty lucky to have what I have.

But if I truly can take it out and invest it with another company, do you have any suggestions? Don't think that I want to go the Pershing route due to the yearly fees, but don't know what else is available. Hey, I guess that's why I joined the Fool community!

Yogamama
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