Managed accounts @ Fidelity or asset allocation funds
Looking for some insights from experinced/senior folks ... I just rolled over my 401k from my previous employer to a traditinal IRA account. i plan to keep this as my base account for moving 401k everytime i switch employer.
i cannot decide whether to go for managed account service from fidelity.
why or why not?
the fee for managed account is 1.17% of the total amount in account.
one thing the advisor mentioned was with managed the loss is cut down during recessions
i do have a roth IRA ( managed by me ) and 401k ( new employer ) . im aware of funds and markets , but not an expert .
please share your thoughts. want to take an informed decison and not regret 30 years later .