Hi all, my wife has a small (30k) Roth IRA that is managed by Ameriprise. I’m finally taking a look at it and would appreciate some input. Here’s the general breakdown as a percentage of the Roth:
IJH (5%)
SPYM (39%)
VEA (4%)
VWO (7%)
That seems ok to me. A decent blend of domestic large/medium cap and international markets. But moving on….
GSINX (10%)
JVILX (13%)
MFEIX (10%)
These are relatively high ER mutual funds (.58-.88) that I’m not sure are actually necessary on a small Roth IRA.
And finally,
FEPIX (11%)
IRA will be contributed yearly at the max (hopefully), with at least 30 years of growth. 11% in a bond-focused fund feels a little high in terms of asset allocation with that timeline?
Performance for the Roth has been 13.47% (1 year), and 12.53% (3 year) which feels lackluster as well compared to a simple target date fund.
Basically, I’m considering whether or not to ditch Ameriprise and dump it into a target passive date fund at Fidelity (FDEWX) and whether or not that’s a better, simpler option.