Gergwheel1647545492 Posted August 12, 2014 Report Share Posted August 12, 2014 I have an account with OPERS and my 401k with Chase. I have been dealing with a investment advisor at Chase that wants to move the OPERS account into a JP Morgan IRA fund. I am vested with OPERS and can just leave the money there if i want. Thoughts/opinions? OPERS: Member Directed 2045 plan 90% equity (stocks?) average return for the last 10 years has been around 7% JP Morgan fund: Divided up between 7 sub-plans 65-70% equity (stocks?) average return for 10 years is estimated around 9% Quote Link to comment Share on other sites More sharing options...
Supplicium Posted August 12, 2014 Report Share Posted August 12, 2014 Personally I would sit tight. 2045 target is all most people really need, I have the feeling Chase wants to get you in some other funds to collect some fees and get more money $ in house. Are you heavily in a target date fund in your 401k? Quote Link to comment Share on other sites More sharing options...
Jackson1647545504 Posted August 12, 2014 Report Share Posted August 12, 2014 Its a trap ... Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted August 12, 2014 Report Share Posted August 12, 2014 "Lifemodel" funds (2045 retirement date) suck. Split it 65-35 in a equity fund and a bond fund and be done with it. Chase IRA may allow you to hold stocks instead of preset list of mutual funds. Otherwise, I agree to just keep it in OPERS for now. Quote Link to comment Share on other sites More sharing options...
Gergwheel1647545492 Posted August 12, 2014 Author Report Share Posted August 12, 2014 Personally I would sit tight. 2045 target is all most people really need, I have the feeling Chase wants to get you in some other funds to collect some fees and get more money $ in house. Are you heavily in a target date fund in your 401k? Most of the fees are waived since i am an employee here at Chase. I believe most of the 401k is the target date stuff as well. "Lifemodel" funds (2045 retirement date) suck. Split it 65-35 in a equity fund and a bond fund and be done with it. Chase IRA may allow you to hold stocks instead of preset list of mutual funds. Otherwise, I agree to just keep it in OPERS for now. I texted you :masturboy: Quote Link to comment Share on other sites More sharing options...
Geeto67 Posted August 12, 2014 Report Share Posted August 12, 2014 Most of the fees are waived since i am an employee here at Chase. I believe most of the 401k is the target date stuff as well. Are you at Easton or Polaris? Not on topic, just wanted to see if I would bump into you during the day or not. Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted August 12, 2014 Report Share Posted August 12, 2014 A JP Morgan employee wants you to move money from another account into a JPM account? You don't say. I agree 100% with Clay. Quote Link to comment Share on other sites More sharing options...
Gergwheel1647545492 Posted August 13, 2014 Author Report Share Posted August 13, 2014 Are you at Easton or Polaris? Not on topic, just wanted to see if I would bump into you during the day or not. I'm at Polaris Quote Link to comment Share on other sites More sharing options...
Supplicium Posted August 13, 2014 Report Share Posted August 13, 2014 Since you are with Chase that changes some things.. When I was at JP I had access to "Institutional Funds" ones that had 100k minimums to get into. If you have similar access through the Chase IRA I would lean that way. Quote Link to comment Share on other sites More sharing options...
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