Why I'm teaching my mom to use Personal Capital to manage her money - Business Insider

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The author's mother inherited some money, and he's helping her maximize her investments

on a wide range of topics, when it comes to money, I am the clear family expert.

Once my mom's money moves into her new trust account, I'm going to open a brand new Personal Capital account for her investments. We have different financial needs and target retirement dates, so it wouldn't make sense to add her investments to my Personal Capital account. I want to see her investments independent of mine.

The first place I'll focus once her account is transferred to the new brokerage, which doesn't charge any recurring fees, is the fees charged by each individual fund. To do so, I'll use the Retirement Fee Analyzer inA screenshot of the author's funds sorted by expense ratio, with the highest expense on top. He generally tries to keep his investments in funds that charge less than 0.10% outside of a few exceptions.

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