I recently set up a 403b through MetLife in which I contribute to mutual funds ONLY. I have no fixed accounts and plan to take the earnings in one lump sum when I retire. I've allocated half my contribution to an S&P 500 and the other half to a Janus Mid-cap. There is a 1.25% fee for each fund, on top of which there is a 0.29 fee for the S&P and a 0.71 fee for the Janus; however, these latter fees are skimmed from the TOTAL value of each fund, not from the balance I have invested(i.e.; if the total value is 1 billion dollars for the Janus, they take 0.71 of that, and then divide it among those invested in the fund. Ditto for the S&P. In essence, my question is this: Am I getting ripped off? Might I be better off dropping the 403b and investing the money myself? Feel free to e-mail me directly with any helpful responses. Thank you.
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