04-19-2011, 08:35 AM
I will be the first to tell you I don't know anything at all about investing. I rolled my old company's 401k and took my pension in a lump sum and rolled them both into a Fidelity IRA. Now there is a nice little nest egg sitting there. Not a millionaire but a nice sum none the less. My question is this. Should I have Fidelity manage it for me? Some say do some research and do it myself and avoid paying them any fees. That sounds good but I don't know what I am doing and I don't want to flush it all down the drain and be left with nothing in my retirement. My thinking is they would probably make more money than I would and it would be worth the fees. Is anyone in this similar situation? Are you doing ok letting them manage your ira? Are the fees cutting into your nest egg? I want to do something because now it's just sitting there getting a whole 0.8 interest. I am still working and I don't need to live on it now. I figure I will not retire for another 8 years or so. Any advice would be appreciated.