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This is probably the dumbest question to ever hit the board but here goes. I just retired three days ago and in two weeks
I am going to turn over my life savings to a guy who works for an investment group. He is going to invest my money into
five Enterprise Mutual Funds and one Janus Fund. I was just looking around this Website and came across this Mutual
Fund Cost Calculator. I punched in the funds that I am going to be invested in and the total cost of holding these funds
according to the calculator looks ridiculous (high). Now I am wondering if I should go through with this. I honestly don't
think that this is something that I can tackle myself like I'm sure that most of you people could. Am I doing the right thing?
Thanks a million for your help.

It might be the smartest question you ever asked.

Sounds like you are lost. That's ok because you know you are lost. Now find yourself before you do anything.

Take the money and put it in a money market fund at a large mutual fund such as Vanguard (low fees). Then start learning. If the money sits in the fund for a few months you will save more than paying a lot of fees for poor investments.

Spend a few weeks reading on the net and you will learn alot. Pay attention to assets allocation and safe withdrawl rate. Then If you still feel you need help find a fee only planner. Since you will now know what you want to do, the metting can be very productive and probably confirm what you want to do. If you have missed something hopefully the planner will not.

By the way if the current guy has not talked about assets allocation, taxes, safe withdrawls rates and budgets I think I would not use him at all.

If any of your money is coming from 401k, IRA's pensions etc make sure you tell the mutual fund so the transfer does not cost you taxes. For these deferred accounts the money goes to the fund not you.

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