I moved an Simple IRA from the investing company that the last dealership used. They messed up and left $80 in the account. I did not find out about it until a few years after that. I just left it to see how it compared to the one I rolled it over into. It has done a little worst than the "new" account but not by more than 1%.
Here is a summation of how the year end balances have gone.
3/12/03 $80
12/31/03 $992
12/31/05 $29
12/31/07 $740
12/31/09 $643
12/31/11 $734
12/31/13 $998
12/31/14 $1076
It is in a balanced mutual fund. Fees are $10 per year.
The trouble with these type of funds is the uncertainty of the value when you retire.
IF you had retired in $2005 you would have been sunk.
Now 2005 would have been a great time to add money to the fund.
The trouble is all of this is 20/20 hind sight.
If you look at what the fund had done over the life time of investment it is at 8.84% annual return. That is not too bad but not great when you consider inflation.
The long a short of it is that you never really know if you will have enough "saved" to live out your life until the end. LOL
Here is a summation of how the year end balances have gone.
3/12/03 $80
12/31/03 $992
12/31/05 $29
12/31/07 $740
12/31/09 $643
12/31/11 $734
12/31/13 $998
12/31/14 $1076
It is in a balanced mutual fund. Fees are $10 per year.
The trouble with these type of funds is the uncertainty of the value when you retire.
IF you had retired in $2005 you would have been sunk.
Now 2005 would have been a great time to add money to the fund.
The trouble is all of this is 20/20 hind sight.
If you look at what the fund had done over the life time of investment it is at 8.84% annual return. That is not too bad but not great when you consider inflation.
The long a short of it is that you never really know if you will have enough "saved" to live out your life until the end. LOL