Trusted a pro's picks and ignored fund fees
Phyllis Goodman, 63
Fort Worth, Texas

"After retiring, I rolled my 401(k) over to the company that had serviced my insurance needs for more than 30 years and blindly took the agent's recommendations without researching management fees or the funds. I lost money and was charged a great deal."

My fix: "I withdrew the money, started doing research on my own, and invested at Vanguard and T. Rowe Price. I manage my own accounts, insist on diversity, and do everything I can to stay up to date."

Last updated May 20 2011: 10:47 AM ET
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