I’ve been contributing to my Roth IRA via Betterment for about 8 years, and just realized this month they have a .25% annual active management fee. After considering the compound effect, I realized this amounts to several hundred thousand dollars of loss over the course of my lifetime. I’ve also learned passive index funds often outperform active management on average. Two questions:
1) Would you recommend leaving Betterment for a passive fund? (Leaning towards yes…)
2) *(most important)* What company/tool do you recommend I switch to if so?