[Lisa]

I am not FI and I am old, 56 old, but I am working on trying after listening to some podcasts. I finally have a chance to move money that was put in an annuity Roth… Boo… (my FA did not keep our best interests in mind and decided to line his pocket for several of our accounts. ).

Anyway we have several IRA accounts in Thrivent.

I listened to a podcast about fees and managing accounts ourselves (scary) so I asked about the fees and was told 1.35.

I also have a deferred comp with Empower. I am thinking of moving the 100,000 Annuity Roths to Empower.

Fees zero if i manage myself or .5% if managed by them.

Ive been screwed by several “professionals.” And so i over analyze everything .

Is Empower a good investment for us? And those who know anything about Thrivent, can i get a review?

Congratulations to those who bought earlier today! I missed it.

[Wilson]

If you don’t know or Thrivent hasn’t explained to you the value of what they are doing for the 1.35% fee then it certainly isn’t worth it.

It’s very case dependent on how much a fair price is.

Somebody who doesn’t want to learn at all and wants to delegate completely may very well get value paying 1%.

Or a DIYer who wants a second look can pay $150/hr for just advice.

[Ron]

You are focusing on accounts and not investments. Accounts don’t do anything for you. Investments are what do and they are simple.

Invest in the stock market, most or all of it. This is one investment fund that you can have in any account.

Almost all advisors and annuities and managed accounts will have most of your money in this one fund, or equivalents.

That‘s why everyone was freaking out this past week‚ our investment fortunes are essentially mostly tied to the same thing.

Decide how long you plan to keep working, which will determine the amount and types of other stuff you should have.

Computers can do this and come up with investment plans and manage it for 0.15-0.40% if you decide not to do it yourself. AI can do it. I personally believe a trained monkey could do it …

So, don’t focus on is Thrivent good, is Empower good? They’re not doing anything special.

This past week should tell you that they are as dependent on the market as anyone else.

Use some resources to figure out what a simple investment strategy should be.

[Chris]

Look into the big three vanguard, fidelity, schwabb if you are going to buy index funds they are the best imo.

[Sean]

Don’t worry . . . seriously, don’t worry. Have you read The Simple Path to Wealth? My two cents (and it is only that) is that you should step back.

Before you can answer “is Empower a good investment for us” you need an overall game plan.

Once you have an overall game plan the tactics shake themselves out.

To come up with a good game plan, I believe you need a good foundation.

[Author]

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