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Subject:  Roll-over IRAs Date:  8/9/2013  3:17 AM
Author:  DSchuCali Number:  72744 of 78165

I'm 51 years old and hope to retire at 62. Besides my 401K, I have two roll-over IRAs - a traditional IRA ($265K) and a Roth IRA ($52K). These IRAs are currently professionally managed at Fidelity (Fidelity Portfolio Advisory Service) for a fee of a little over 1%. The reason I chose to put this money in a managed fund was that I don't have a lot of expertise at investing and I don't care to spend a great deal of time managing the money myself. However, I feel that if the managed fund is not able to beat the market (which it's not), then it's not worth the high fees I'm paying. Though I tend to think that some managed funds may be worth the fees if they can consistently beat the market over an extended period.

I've been considering moving my money into a family of low-cost index funds (with some allocation between d