No. of Recommendations: 4
BTW: I am charged 1.5% a year to have my account managed. I think that's a little steep.

I agree. What that means is that your investment would potentially have made 8.5% if you had a do-it-yourself approach.

I have averaged about 7% a year on my IRA. Is that a decent return?

That is a question that can't be answered because we don't know what kind of investment you have. Remember that an IRA is a type of account. The account can be held at a number of different institution types. I could be invested in a money market account, CDs, mutual fund, individual stocks, gold, etc. It it were invested in bonds or a bond fund I would consider 7% to be pretty good return. If it is invested in blue chip stocks or a stock mutual fund the return is not too bad, but, below the long term market average. If it is invested in something very risky then I don't think you are being compensated for the risk you are taking.

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