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I have lost $20,000 in one year! I am sick to my stomach! I think that something illegal has happened. I retired in 2020 65 yrs of age. This is a 403b retirement from my job. The stocks are 60% and the bonds 40%, I want to change that, I can't afford risky stocks. I pay for "management advise" and my account is constantlt being "re-balance" Is that normal? I at my age feel that I should have more in bonds, than stocks.
What is considered as high fees? VS low fees? What percentage is high
I have a Profit Sharing plan that is going to be released to me because my place of work is getting sold. I want to use part of it to pay off my short term debt. Is it wise to roll over the remainder into a IRA and if I do is my local bank the best choice?
Another good reason to roll into an Ira is to convert it to a Roth after that.